THE SEVERAL
REPORTS
of THE
Committee of Secrecy
To the Honourable
HOUSE of COMMONS \
Relating to the late
§>ottti)=g>ea IDirttes, &c.
LONDON:
Printed for A. Moore, near St, Tad s, 1721;
[ Price Two Shillings. ]
Printed image digitised by the ( Jni vers ity of Southampton Library Digitisation Unit
J.
iii-* 0 >i X iljti'i. 1
■ . r
Primed image digitised by the University of Soul Hampton Library Digitisation Unit
[ iii ]
Mercurij 4°' die Januarij. 1710.
R Ufoked, Nemine Conlradiccnte, That a Commitee be appointed to enquire into all the Proceeding-:
1 relating to the Execution of the Ac! palled the laft Sefliori of Parliament, Entituled, An AS
for Enabling the South-Sea Company to encreafe their pefent Cap tal Stork and Fund, by redeeming fhd>
tullick Debts and Incumbrances as are therein mentioned, and for r.vjing Money to be apply' d far Lcjfeni'ng fe-
deral of the public!: Debts and Incumbrances, and for calling in the prefent Exchequer BHU remaining mean-
celled, and for making forth new Bills in Lieu thereof, to be circulated and exchanged upon Demand, at, or near
‘^FefiHiedj That the Number of the faid Committee be Thirteen.
Refolded, That the laid Committee be chofe by Way of Ballotting.
Ordered, That the Members of the Houfe do upon Friday next, at 11 of tile Clock, prepare Lifts
to be put into GlaiTes, of Thirteen Perfons Names to be the faid Committee.
Veneris 6°‘ die Januarij, 1710.
The Order of the Day being read,
Ordered, That the Members of the Houfe do upon Monday next, at 12, of the Clock, prepare Lifts
to be put into Glafles, of Thirteen Perfons Names, to be a Committee to enquire into all the
Proceedings, relating to the Execution of the Aft parted the laft Sellion of Parliament, intituled,
An AH for Enabling the South-Sea Company to encreafe their prefent Capital Stock and hind , &c.
Luna t)°‘ die Janttari], 1710.
The Order of the Day being read lor the Members to prepare Lifts to be put into Glafles
of Thirteen Pt fons Names, to be a Committee to enqtiire into all Proceedings relating to the Exe-
cution of the Aft palled the laft Sellion of Parliament, Entituled, An Ad for Enabling the SouthrSea
Company to encreafe tl.cir prefent Capital Stock and Fund, See.
The Clerk and Clerk Affiftant went on each Side of the Houfe with Glafles, to receive from the
Members the Lifts of Pecfons Names to be the faid Committee, and the faid Lifts being received
•were. brought up to the Table. _ r ' .
Ordered, That 'a Committee be -appointed to examine the faid Lifts, and report to the Hoafe upon
■ vftijdi Thirteen Perfons the Majority falls.
; And a 6oriimitte6'was appointed accordingly, and ordered to j with draw immediately into the Spea'K-
er’s 'Chamber. ... • t.j \
Mercurij, il°*
die Januarij, 17 u
M. Serjeant Mead reported from the Committee, who were appointed to examine the Lifts given
in by the Members of Thirteen Perfons Names to be a Committee to enquire into all the Proceed-
ings relating to the Execution of the Aft palled the laft Sellion of Parliament, (Entituled, An AH
for Enabling the South-Sea Company to encreafe their prefent Capital Stock and Fund, &c.) and report to
the Houfe on which Thirteen Perfons the Majority fell, that they examined the Lifts, and that the
Majority had fallen upon ’Thomas Broderick, Efq; Archibald Hutcbefon, Efq; the Mailer of the Rolls ;
Edward Worthy, Efq; Sir 'Thomas Pengelly, his Majefty’s Serjeanc at Law ; William Clayton, Efq; Edward
Jafferys, Efq; Robert Lord Vifcount Molcfworth, of the Kingdom of Ireland ; Thomas Strangeways, Efq;
William Slopcr, Efq; Mr. Chancellor of the Dutchy ; the Honourable Lieutenant Charles Rojfe ; the Ho-
nourable Dixcy Windlor, Efq; and they, or anv five of them, are to meet at five of the Clock this Af-
ternoon in the Speaker's Chamber, and to have Power to atj journ from- Time to Time, and from
Place to Place, as they fhall find ft convenient, and to rbpo'rt their Proceedings from Time Co Time
to the Houfe, anil to have Power to fend for Perfons, PaperS- and Records.
Ordered, That the feveral Books and Papers, which have been' laid before this Houfe by the South-
Sea Company, be referred to the faid Committee.
Jovis 1 a 0 - Jaftuarjl 1710.
Mr. Broderick reported from the Committee appointed to enquire into all the Proceedings, in Re-
lation to the Execution of the Aft palled the laft Selfion of Parliament, Entituled, An AS for En-
abling the South-Sea Company to encreafe their prefent Stock and Fund, &c. That he was direfted by the
faid Committee to move the Houfe, that fuch Perfons as the Committee fhall think proper to be
examined relating to the Matter of the faid Enquiry, may be examined in the moll folemn Man-
Ordered, That filch Perfons as the faid Commitee fhall think proper to be examined, relating to
the Matter of the faid Enquiry, be examined in the moft folemn Manner.
Luna 16°' Januarij, 1710.
Ordered, That the Committee appointed to enquire into all the Proceedings, relating to the Exe-
cution of the A ft patted the laft Seffion of Parliament, (Entituled, An AS for Enabling the Sonth-Sea-
C bmpdny to encreafe their prefent Capital Stock and Fund , & c. be a Committee of Secrecy,
Printed image digitised by the University of Southampton Library Digitisation Unit
[ iv j
Jews ip 0. die January, 1720.
The Mailer of the Rolls acquainted the Houfe from the Committee of Secrecy, That he was di-
refled by the faid Committee, to move the Houfe, That Sir Robert Chaplin, Sir Theodore Janjfen, Fran-
cis Kyles, Efq; and Jacob Sav/bridge, Hfij; (four of t!ie Directors of the South-Sea Company, and' Mem-
bers of this Houfe) may attend the faid Committee, and be examined befofe them in the moft folerati
Manner. . ,
Ordered, That Sir Robert Chaplin, Bari. Six Theodore janjfen, Kt. and Barf. Francis Kyles, Efq; and Ja-
coh Sawbridge, Efq; Members of this Moufe, and Directors of the South-Sea Company, do attend the
Committee appointed to enquire into all the Proceedings, relating to the Execution of the Aft p.,f-
I'cd the tail Seilion of Parliament, (Entituled, An Act fir Enabling the South-Sea Company to enertafe
their prr/ent Capital Stock and Fund, 8tc.) and that the faid Committee he empowered to examine the
faid Sir Robert Chaplin, Sir Theodore Janffen, Francis Eylcs and Jacob S/twlridge, in the inott iblemn Man-
LttnlC 25“" die January, 1720.
Ordered, That the Committee of Secrecy do fecui‘e all Papers belonging to, or in the Cuftody of
the Sub-Governoiir, Directors, or other Officers of the South-Sea Company, difefted to be taken into
Cuftody of the Serjeant at Arms attending this Houfe.
Sabbat i 25°’ February, 1720.
Ordered, That it he an inftru&ion to the Committee of Secrecy, that they proceed in the farther
Examination of the Particulars of the 574,500/. South-Sea Stock, fnppofed to be difpofed of be-
tween the 4f/j of February 1719, and the iztb of April following.
Martis 25°* Aprilil, 1721.
Ordered, That it be an Inftruftion to the Committee of Secrecy, that they enquire what Publick
Money hath been employed by any Treafurer, Cafhier, Colleilor, Receiver, or other Officer con-
cerned in the Receipt or Payment of Publick Money, or of any other Part of his Majefty’s Revenue,
or by dny in Truft for them, or by their Order, in buying Stock or Subfcriptions in the South-Sea,
or any other Company, or in Annuities or other Parliamentary Securities, or otherwife making Ufo
of; or employing the lame to their private Advantage, fince the ijl Day of December) 1719,
T HE
Priii led image digitised bv the Universily of S mil h amp Ion Library Digitisation Uuil
THE COMPLE4T
REPORTS
O F T H E
COMMITTEE of SECRECY, &c.
REPORT, No. I. ■ , :•
H E Committee of Secrecy appointed to inquire into all the "Pro-
ceedings relating to the Execution .of the A6t pafle'd' laft Sefllon of
Parliament, (intituled, An Aft for enhbjitig the Sojiith Sea Cofr.pmty
to'dncreqfe their prefent ‘Capital Stoctf ejm Fund f by Redeeihipg fnch piib-
lickDebts and Incumbrances as ate 'tbeifin^ and jar raijifig
Money to be applf 2 C for lejffnin^ fevetdl fltdlicit. Debt^ttfiincumbfQiilif,
and for calling tri the prefent Exchequer Bills remaining uncancelli'd,
and for making forth new 1 Bills in \lieu thereof, to be circulated, and ex-
changed upon Damand, at, or near, the Exchequer) have endea-
voured; with continued Application, to difeharge the Tlufl rcpofecT in them. At thd
Entrance .unto thdr Inquiry 'they obferved, the Matters teferr’d to diem, were of great
Variety and Extent.- • Many 'Per fons yvtr,e ihtrufted with different Par'tS iff the Execution
pf.this Law, arid- Under ColoiVf thereofj afted in an unwad?ah$|>le Maiin^'m difpofing
(if The Properties of many T’houfands 0f Petfons, affiopAtjing to rtiany Millions of
Money, j'-- • •• •• . J
In the Progfifcbf thdr Inquiry yout Committee found it attended with many Dif-
ficulties. * *• • '• • •/ ‘
iuibmeof'thfc-Books proditeed- Wfbre'^etu, falfe and ft dUlqus Entries were made i ifi
0 tLers^ntiies-witfrB}SnKs, ; i!rochers,E:ntricS with-Razures^apd Airetafipqs ; ind in bchers:
Leav«jwere;*6rn-'euc. They 'found further, that fomc‘ Pooks had bedfi deffrbyed, drift
others taken -away or fecreted ; neveithdefs, your Comrriittcc are enabled to lay feme
Matters of Importance before the HoufeTor'.'tJieir prefent (^dnfideration. j-
T he firft Matter that -Offered it'Ielf to. 'tlie^Onfick ration Op'your Committcee, was i
Scene of Iniquity and Corruption, -tlie-Difcbvery of which y3ur ‘Committee conceived .'to!
be of the h.ghefl Importance to. the;Hoftoiir of Parliament^ and the Security of - h$
Majefty’s Government-. : : - ; • y 1 1 ' ‘ * '7*
Your -Committee obferved,- jh the Atcorrtprlaid before" thc -Houfe by the then _Cdtirt of
ordered the CompanyV CaflNfioqk ro be laid before tljem, and upon infpe&jpn thereof
they fouhd'(at-^o/T2o,' arid 12 i.) irhe%fer^ntries of Stock, as fold for © 'Company,
annexed rofheEnd of this Report, dS)o. I. the Total of, which 'Entries anjo^nc .to .‘the "laid
Sumsof y-74, 500 -/. in Stock, -and of in Cafli ; but it is very obfervable, that
from the AKicle-bf the 4th -61 •FHn’iiqrj ' .' W c ,9 ■ that' bf The-ft a th‘ ' of 0j.il I 7 ?$‘
bothanclcdivei there is -no-i^Hficfftimam: of flic ’any jferfqrt .co'fthom
the^ook'isfuppdfedtb'be-fdd.' * .’ V, ” V , V ’i r’
Printed image digitised by the University of Southampton Library Digitisation Unit
( l )
The whole Accompts comprehended in thefc two Pages of the Cafh Book, ard enter'd
in this concealed Manner, appear, neverthelefs, to have been ftaced and uaiunced by the
Company’s Committee of Trcafury, without expreffing the Day when tuch Accompts
weie Hated, and are fubicribed by Sit John Fellowet, then Sub-Governour, Mr. Charles Juye,
then Deputy-Governour, Sir Lambert Blackwell, Sir Hubert Chaplin, Sir 'Theodore JanJfen,
Mr. Jacob Sawbridge, and Stephen Child, then Directors, all of them of the faid Committee,
and Sir Robert Chaplin, Sir Theodore JanJfen, and Mr. Sawbridge , at that Time Members
of this Houfe.
Your Committee, upon this Occalion, take the Liberty to remind the Houfe of a re-
markable Period in the laft Seffion of Parliament, that upon the 2d of February 1719, the
Houfe agreed to the Report of the Committee of the whole Houfe, appointed tocunlider
of that part of his Majclly’s Speech, which related to the publick Debts, that pfre Pvopo-
fals made by die South Sea Company flrould be accepted, and ordered a Bill to be brought
in purfu^nt to the faid Resolution, which Bill having pafs’d this Houfe, and afcerwatds
the Houfe of Peers, had the Royal Allent upon Thurjday the 7th of April 1720.
Your Committee, furprized to fee fo large an Account of Stock difpofed of by the
Company, before the puffing the Bill to enable, the Company to inercafe their Capital
Stock and Fund, and before any Subfcripcion or Redemption could be made, whereby
their Capital Stock was mcrcafed, proceeded to examine carefully into that Tranfadiion.
And upon Examination ol the late Sub and Deputy Governors, and the late Directors of
the South Sen Company, Mr. Robert Knight then Cafbier, Mr. Robert Surrrian then Deputy
Caliber, Mr. John Giigiby then Accomptanc, Mr. Charles Lockyer then fecond Accomptanr,
and Mr. Matthew Weywondfold Broker, it mamfcftly appeared to your Committee, that
the Company at chat Time was not pollelled of fuch a Quancicy of Stock, whereof they
could then make an a&ual Saleand Transfer, die Company having at chatTime in their
own Right only a fmall Quantity of Stock, not exceeding 25,0001.01-30,0001. at the
m oft, And upon Infpe6tion of the Transfer Books of that Time, as well as-upon the Exa-
mination of the before-mentioned Perfons, your Committee cannot find any Transfers
made by the Company, or any Part of that great Quancicy of Stock, at the Times Tpecify’d
^n, the Cafh Book (excepting to the Dukeol Portland, the Lord De la War,* and the Ho-
nourable John Wejl Elq, who fold their Annuities to the Company) and no Account of
any Tramfers of (uch Stock has as yet been given- in to this Houfe, altho’ by your Ordec
of the 17th of December laft it was exprelly required. ,
Upon farther Examination of ^'he Perfons before-mentioned, your Committee difcCtf
■ver’tl, That this' fuppofed Sale. of Stoek wascoloiirably enter’d in the Bookyfbrdie Benefit
of Perfons, vvhpfe Names' were ddigned to' be concealed, with intention to make an Inte*
reft in Favour of the Company, and to facilitate the Acceptance of the South Sea Propofals,
and the puffing of the Bill, which were at that Time depending in Parliament. And to
that E d, the. late Sub and Deputy Governors, Sir John Blunt, Mr. Gibbon, Mr. Chefter,
and Mr. H Id itch, laic Dire dors, who had the Care of loliciting the paffing the Bill,
togedier with Mr. Knight the Cafhier, had the Power of difpofingof this Stock.
- And the general Method by which this Practice was carry ’d on, was thus, , i
This Stock' Was fee down as fold at feveral Days, and at feveral Prices, from 150 1 . per
Cent, to 325 1 .per Cent. and was from thole Times to beefteemed as taken in, orholden by
the Company, for the Benefit of the pretended Purchafers, altho’ no mutual Agreement
Was then made for the Delivery, or Acceptance of the Stock, at any certain Time, and
altho’ no Money was paid down, nor any Depofite, or other Security, given to the Cora-*
pany for Payment, by the fuppofed Purchafers : So that if the Price of Stock had fallen,
as might be expedited, if the Scheme had mifearry’d, no Lofs could have been fuftained by
them ; but if the Price of Stock fhould advance (as.it a&ually did by the Succefs of the
Scheme) the Dilierence by the advanced Price was to be made good to the pretended
Purchafers; and accordingly the Account of fuch Stock was made up, and adjufted with
Mr. Knight, and. the Money arifiug by the Difference of the Price between the Times of
fuch taking in, or holding of the Stock, and the making fuch Adjuftments, was paid, of
allowed, out of the Company’s Cafh, to the pretended Purchafers; but no Entries of
fi.ch Adjuftmems, or of the Names of the Perfons with whom the fame were made, ap-
pear to your Committee in any one of the Books of the Company.
Sir Theodore Jan [fen affirmed, That when the faid Accompt in the Cafh Book was laid
by Mr. Knight before their Committee of Treafury, to bepafled and figned, an Objection
being nude, that Blanks were left for the Buyers of this Stock, the lace Sub-Governor,
and Mr. Knight , faid, there were Reafons for paffing the Accompt in that Manner, and
that the stock was difpofed of to Perfons whofe Names were not proper to be known
to a great many, but at a fir Time a perfeft Accompt thereof fijould be made up, and that
if the Bill did pafs the Stock; would be well fold.
Mr;
Priri led image digitised bv llie University of SuulhampUm Library Digitisation IJnil
( ? )
Mr . Rolen Surman declared, that about the 3d of April 1720, Mr. Knight the Cafhk?
(hewed him that Accompt of Stock fold in the CaOi-book ( Fol . 120. and 121.) and told
the Examinant, that there was a Committee appointed to look into the State of the Cafe
that Night, and that he (Mr. Knight) having thereby charged himfelf with the Value
of lb large a Quantity of Stock fold, would appear to have a great Sum ot Money in his
Hands, which he really had not; and therefore faid he would write off a fuppofed Sum
of 80c, 000 l. as lent by the Company to fundry Perfons upon 400,000 /. Stock, ai d Mr;
Knight did then accordingly enter the fame with his own Hand (Fol. 120.) of the faid
Cafh-bcok, in the following Words.
17:0. April 3.
By Loan to fundry on Security of 400,000 1 . South Seal. Q
Stocky at an Iriterefi of 5 1 . per Cent, per Annum. S' ° 00 > 000
That Mr. Robert Surman further declared, he did not know that any Part of the faid
Money was really lent; but the Entry was made to that Effect by Mr. Knight , with an-
Intuition to anfwer in part the Accompt of Stock fold : He believed alfo that the Entry
in the fame Book was written by Mr. Knight, as follows, (Fo. in.)
April 14.
By Account of Loan on South Sea Stock , lent to
fundry on Security of 100,000 1 . Stock atp-l. 250,000
250,(1* an lnterefl of 5 per Cent, per Annum. _)
As to the greatefl Part, if not the whole of that Sum, was entredwith the fame View?
and the Examinant at that Time took ir, that this Stock einred as fold in the Calli- book,
was not paid for, and for that Rea foil Mr. Knight ciurod thele Sums of 800,000 l. and
250,000 l. as a&ually disburfed, to help to make a Ballance upon the Accompt, as it now
• (Unus in the Calh-book.
That the Examinant obferving the faid Entry of Stock fold, Mr. Knight told him,
that it was a Tran faction of a private Nature, and that a great Parc of it was difpoled
of to Perfons of Dillinttion.
Mr. A fell, one of the late Directors, likewife declared, that he believed the faid Arti-
cle of Loan of 800,000 /. on 400,000 l. Stock! was entred as a Blind to anfwer c Ac-
- count of Receipts on the other Side of th.c Calh-book j for that he could not rind any Mi-
. cute thereof in. the other Books, of the Company.
Mr. Stephen Child faid, That he cook the Articles of Stock bought and fold m cheCalh-
■ book to be fictitious, and 'to be ‘entred. in chat manner merely to make a Ballance.
-■Whilft '.your. Committee had. this Matter under Examination, viz., upon the 27th
Day oS -January lad, the Court of Direftors (purfuant to your Order of the 1 7th of D \enr-
ber preceeding, requiring a particular Accompt'ot tnis Stock fold, and by whom, and to
whom transferred) laid before this Houfc .a Book, containing an Accompt of Stock told,
as.xhey received it from their Committee of TreAfury, without mentioning that any Parc
i-df. fuch Stock was adtually. transferred. ...
. And your Committee exatainir g into that Accompt, Sir John. Blunt (from whom your
. Committee received the firit material Informa. ions) the lace Sub and Deputy Governors,
..Mr. Gibbon, Mr. Aftell,. Mr. Chefler , late Di at tors, and Mr. Robert Surman, informed
them, that they believed, (and that it was generally fo underftood amongft the Dire-
- &ors) that the faid Accompt .laid before this Houle, is not a true Account ; and thac
there are many fictitious Names therein, as the Names of feveral Brokers and others, which
. are made Ufe of to cover the Names of other Pe. foils, who had the real Benefit of fuch
Stock, and who nevcrthelefs are not mentioned in that Accompt, but that the Names of
Perfons of DifHn&ion or Condition therein-conrained are real.
Mr. Aflell declared, That preffiiig Mr. Knight upon the repeated Orders of the Dire-
ctors to make up the Accompt of this Stock, Mr. Knight anfwered, Thac he could not
comply with thefc Orders, without giving up forty oc fifty of the Company’s belt
Friends.
Mr. Robert Surman gave your Committee a farther Explanation of the framing this Ac-
compr, as follows.
That fince the Order of the Houfc requiring this Accompt, he afliftcd Mt. Knight in
preparing a Draught thereof, and by "Mr. Knight’s Direction he wrote down feveral Names,
which Mr. Knight read to him out of a Book with a Green Cover, wherein Mr. Knight had
kept an Account of this Stock entred in the Calh-book of the Company, and alfo of Sub-
feriptions; but believed Mr. Knight did not give him all the true Names j bccaufe Mr. 1
Knight
iage digitised by the University' of Southampton Library Digitisation Unit
Printed L
(4 )
Knight fomctimcs turned over a Leaf or two, .without giving him a Name, altho’ there
were in thofo LeaveseNiMves of Perfoiis wjcJi whom an Accompt was there entred. And
Mr. Sw man Further laid,. that lie icmembred,cliac in rhe fame Book, at the Head oF a large
Accompt, wherein the Debtor Side came near to the Bottom oF the Page, he faw the Name
. of >/jw^^'« Efqr Jate Chancellor of the Exchequer ; but Mr. Knight turned over that
Leaf, and did not give Itim that Name to inline in the Accompt.
That at the Head of another Accompt, in die fame Boole, lie faw the Name of 'James
_ CitfggSi TLfq;
That at the Head of another Accompt in that Book, he favr the Name of Charles Stan-
Jmjic, Eltj;
All which were Accompts oF Stock and Subfu iptions ; bin Mr. Knight left out all thefe
Names .iif this Accompt : And after it was thus drawn out from the Green Book, anti Irani
ionic Letters .which Mr. Knight then delivered to this Examinant, the Sums not coming
right, Mr. Knight made fcver.il Alterations m the Names and Prices, and inferred other
' Names and Prices to Frame the Accompt in the Manner it now appears.
M-r. Francis /haves, one of die late Directors, likewife declared, that about the time of
making the hill Midiiunmcr Dividend, Mr. Knight informed him, that he (Mr. Knight )
held Stock for John 'Aiflabie, Eli]; and that lie had an Accompt of Stock depending with
Mr. Aiflabie-, and the Examinant believed that fuch Stock had been taken in fome Time
before, and that Mr. Knight held fuch Stock with the Company’s Money.
And the Exam inane added, Tlut he believed the Rcafon of entring the 574,500 Lib.
, -Stock fold in the Cafli-book, was to give Perfousan Opportunity of having Stock at low*
Prices, and iliac great Part of the Stock fold was difpofed of lor the forwarding the Bill.
Your Committee proceeding to examine Sir JohnUlnni, concerning die Difpofal of the
/'ficticious South Sea Stock rbcfove-mcucioncd, he acquainted them, That the latter End ot
, February, or the Beginning of March lafl, Mr. Knight told him, and (as he remembred)
! chelate DcpinyiGovernor, Mr. Gibbon, and Mr, Chefter , that Mr. Craggs the Poltmaltcr
v.ddfr'ed '.rp) liave Bq,oqo d. Stock bought, or taken in, at the current Price, viz., 50,000 l. for
the Earl of Sunderland, or his Friends, and the remaining 30,000 1. for M r. Craggs, or his
..Fjileiids: Tliac -this Requeft was complied with, and tfo.ooo l. of die Company's Stock
I was directed to be applied accordingly, which theLxam inane takes ro be Parc of the Sum ,of
1 1 3,000 /. entred in the Company’s Cafli-book, as fold on the 27th Day of February 17*9,
at ‘ J 7.$ p.er dent. That no Money appears to have been paid for the above-mentioned
•So, 000 /. but Sir John Blunt Laid, That fome time in March, Mr .Knight (liew’d him. a
- Note for the 50,060 1. Stock, ifigned Sunderland, which Mr. Knight faid was the Earl of
Sumler land’s Hand, and the Examinant believed it to be fo, having fecn his Lordfliip’s
-FfAnd to Treafury Warrants and Oulers. The Note, to the beft of his Remembrance,
was to the Eileft fallowing. That whereas Mr. Knight hail bought feveral Parcels. £>f
'•South Sea Stock ior the Earl of Sunder land, the Particulars of which were .therein fpecifi-
ed, amounting in. the whole ro 50,000 L Stock, at feveral Prices, the Money payable for
cwhich amounts to. more than 80,000 /. hisLordlhip promifed to pay the faid Money with
.!lnccildi*-.acia i:pxtain Timc^theiein-mentioned : That fince the Beginning of this Selfion of
j-BAaliameiic,itjie:£xaminant and Mr. Knight dfeourfing about the Company’s fictitious
Stock, and particularly concerning the Earl of Sunderland's Part of it, the Examinant ask’d
■jlaiBSVf.lie wadif Conceal that? Mr. Knight replied, He would go through thick and thin,
.rather. than di (cover it. That the Examinant -does not know of any Money paid, or
hNoBe. 'Ofother Security, given: by Mr. .Cj77g.gr, Lor the 50,000/. Refidue of the 8o,qoo /.
-Stock;- : ■ ' • ' el . . 1 j . /
r -^{xi Ed-war d'Gibban, .another of chelate Diteftors, faid, that -Mr. Knight told him, That
Pfiime time in .February 1719, he was .to Lupply and turnilh. the Earl of Sunderland with
i'^b,obo A Stock, at. between 17 o and iSo'percent. which was the Price of Stock at that
161 lime. .. . . .
Mr. Joje, late Deputy Governor, declared. That Mr. Knight, about ten or eleven
-Mfctachsjlihccjr told him,. that 100,000/. Stock mull be referveci for Mr. Craggs of the Poft-
. .Qffi'(iB,'iiQ,iTrufl for others ; whereupon, the Examinant asking. What 1 ; for my Lord
flS’d»^'r/«M(i^>lHejiEplicd,; Not for himfclf, but his Friends. , Mr.^nit faid further. That
Mr. Knight told him fincc the Enquiry began, that the Sum promifed to Mr. Craggs was
-i>Ut;gb,® a bL.
The before-named James Craggs Efq; being examined. Paid, That he never did apply
ctcs'M.rn Knight, or any other Perfon whatfdevcr, to have any of the Company’s Stock, or
,xo have any Stock taken in Lor him by the Company.
hiulMr, RichhrtlHnldiuii, anot-her. of the late Direftovs, faid, That he was. told by Mr.
~&LMgkt, (L;han:5q,ooo /. of the Compan^’s 'Stoek,' faid to be fold, was held for a Noble
.••Lord 'ina. : high Station: .TJi&t he apprehended, and belie reel, . that by .the , Lord inja
»■ . Ugh
Priri led image iligiliscd bv the University of Soul Hampton library Digitisation Otiil
( 5 )
high Station, Mr: Knight meant the Earl of Sunder land ; but Mr. Knight being fince ask-
ed about it, faid, that it did not go that Way, but it went another Way, or Words to
that Effe£t.
Your Committee, in the CourfeofSir John Blunt’s Examination, asked him, Whether
he knew of any more of the Company’s Stock dilpofed of, in order to facilitate the paffing
the Bill? He-anfweretl, That he believed the Dutchefs of Kendal, her two Nieces, and
the Countefs of Platen, were the Perfons tor whole Benefit 36, 000 /. Stock was enter’d
in the Company’s Caftj Book, as fold on the 4th o i February 1719.
Thar fomeTnne after the4ch Day bf February 1719, and while the faid Scheme, or
Bill was depending in the Houfc, Mr. Secretary Craggs, inWeftminfter-Hall, fpoke to
him, and to the late Sub and Deputy-Governors, and to Mr. Gibbon, and Mr. Chefler,
on the Behalf uf the Perfons above-named, and faid, lie really thought it was for the I11-
tcreil of the Company to ingage Perfons of their Rank to be concerned in it, or Words to
that Etfedt ; whereupon ic was agreed, chat they fliould have 3 < 5 , 000 l. of the Com-
pany’s Stock at the Price mentioned, which was 1 yo per rent, altho’ the Market Priced
as he believed, was then fomewhac bigger : That he cook ic for granted, the Agreement
was lince made good.
That Mr. Knight had the Management of this Affair, and ufed to keep an Accompt of
the Stock thus difpos’d of, in a Book of his own ; bur he chen apprehended the Dutchefs
of Kendal, and Countefs of Platen, did not either of them .know chat the other was to
have any Stock.
Sir John Fellows, late Sub-Governor, on his Examination faid. That whilft the Pro-
pofals from che South- Sea Company, or the Bill in the Houfc of Commons, was depending,
Mr. Knight told him, that Mr. Secretary Craggs propofed, that 12, 000 l. of the Com-
pany ’sS-ock, fliould bedifpqled of ho the Dutchefs of Kendal, 12, 000 l . to the Countefs
of Platen, and 12, 000 /. to die DiuehdVs two Nieces. The Examinant agreed they
fliould have the Stock, paying the Markec Price, which was then above 150 per cent, but
Mr. Knight telling the Examinant, that lie thought they were intitled to the Stock from
the firfl Application made for it, at which Time the Price was about 1 50 per cent, this
Examinant confcnted they fliould have ic at that Price. He added further, Thar Mr. Se-
cretary Craggs did at his Office recommend the above-mentioned Propofal, and faid, that
it would be tor the Sendee of che Company to have fiich Perfons Proprietors. He faid
likewife, That the fame Propofal was ar another Time made to him and others, by Mr. Se-
cretary Craggs, in Weflminfler-Hall. That the Examinant and the Deputy-Governox
waited on'tlie Dutchefs of Kendal, and acquainted her with the Propofal, and that Mr.
Kjdght fliould have Orders to follow her Directions, and defiled her good Offices on tha
Company’s Behalf that the Dutchefs received them civilly 1 , and thanked them for it.
ThV Examinant faTd alfo, That a Letter was wrote by Mr. Knight to the Countefs of
Platen, figned by the Examinant, and the Deputy-Governor, to acquaint her with the
faid. Propofal, and that flic wrote an Anfwer, lignifying her Acceptance, but that he had
loft the-Le't ter.
Mr. Ed-i.vd Gibbon, another of the faid Dire&ois, being examined, declared, That
whilft the Soutfj- $ea Bill was depending in the Houfe, he was at a Convention in Weft?
minfler- Hail, ac .which were prefent Mr. Secretary Craggs, rhe Sub and Deputy-Governors,'
andMr. Chefler, where Mr. Secretary, propofed, that about 30, 000 /. Stock fllOuld be dif-
pofeddPtd certain' "Ladies whole having Stock, would be of Service to the Company, ox
to "that Efiecr, which wa's confcnted to ; and he believed they were Foreigners, but did
not know theit Names.
Mr. Joje, the fate Deputy-Governor, informed the Committee, that fome T*imc'be.-
ftne.the above-jiicntionediCoiH eifation in Wefhninfier-Hall, Mr. Knight told him, Mr. Se-
cretary Ghxgi.had mentioned to him, that it would be advifable to have fome great La-
dies concerned V iiv. the CompariyYStock, and that they fliould have it at 1 50 percent. Than
foon after Sir jfiilinFetliices, Mr. Knight, and himfelf, being at Mr. Secretary Ciaggs Office.;
the fame Propofal was agiin renewed by the Secretary, and' was coilfentcd td by Sic John
Fel/oim, Mr. Knight, and himfelf,- h'e did nor exaftly remember the Proportions in which
the Stock w£s cd.be divided, . but on the beft Rccolledtioti he could make, he thought the
Dutchefs ol Ken fill was to have 10,000/.' Stock, and the Countefs of Platen the like Sum,
and the Du'tcffefv's 'Nieces 5000 /.’ each.
Mr. Jo)t. faid\ 4! I'o, JT h a t t h ere was a Conycrfation with Mr. SecrctaryC'-'A^gtiio IVefl*
^ afore-mentionedPropofaH that' he could not recolle^.Xylia't.fl^a
pafledj. htif feint inbei^i. 'that fooh after,' Sfi \,JJra Fettbms ■ . arid ' himfeff were 'ihf^uce^
.td.t^ 33 wti:hefsi of ^^iid/j/j"By\Mr'.Sectetary Cr^g4;Who jnterpi*« 1
they acquainted her with the Offer,' and that Directions would be. given..ey'lyfft Knigflt
t© transfer the Stock on Payment of the Money ; that che Dutchefs feeih'd well pleated with
C the
rage digitised by the University of Southampton Library Digitisation Unit
Printed ii
( * )
the Offer, thanked them, and wifhed them good Succcfs.
Fic further faid; That talking with Mr. Knight lince this Inquiry began, he faid/Tn
neither the Duccnefs of Kendal, nor her Nieces, had ail}' SlocIc transferred totnetn, b
that the Cpuntefs- of Platen had ; to which M r, Joye reply’d, That he did not believe him.
Mr. Robert Chejler, one of the late Directors, being examined likewife about rhe ia.d
Converfation in If'ejlminfler-Hall , concurred, in Subftanee, with what Sir "'John R-lluwes
has before declared.
Sir John Blunt faid likewife. That after his Examination on Friday the 27th of January
Jail, Mr. Joye came to his Lodgings, and asked him touching what had palled in his Exa-
mination before your Committee ; that Sir John Blunt told him, he had faid nothing of
the Miniftry : What! fays Mr. Joye, nor of the Ladies neither ? To which Sir John
reply’d, That he had not.
That on Saturday the 28th Day of January lad, foon after Sir John Blunt had been
again examined by your Committee at the South-Sea Houfe, Mr. Jo\e came to him, and
asked him what had pafs’d ; that Sir John told him, he was under an Obligation of Se-
crecy ; that lie loved him very well, and that the bed Way was, to tell the whole Truth :
What, fays Mr. Joye, of the Ladies, and all? Yes, (fays Sir John) the Examination is
very drift, and nothing but the Truth will do.
Mr. Joye being examined by your Committee, to the above-mentioned Converfation
between him and Sir John Blunt , did admit that the Subdance of it was true.
Mr. Holditch alfo informed your Committee, that Mr. Knight told him, That 20,000 /.
of the Company's Stock, faid to be fold, was for a certain Pcrfon, who had deferved
well; and that fomc other Pcrfon, or Perfons of Diftinftion at Court, (or Words to that
Effeft) were co have 40 or 50, 0000 /. Stock of the Company’s referred for them.
Sir John Blunt being again examin'd, inform’d your Committee, That Mr. Knight had
the chief Management of the Dilpofal of the Company’s Stock ; and, that whild the
South-Sea Bill was depending in the Houfe of" Commons, Mr. Knight acquainted him,
that Mr. Charles Stanhope, one of the Secretaries of the Treafury, delircdto have 10,000/.
Stock bought, or taken in for him, at the Market Price, which was then about 250 per
cent, but the faid Mr. Stanhope did not abfolucely agree to have the S ock at that Time;
bur the fame Day, or the Day following, Mr. Knight ihew'd Sir John Blunt a Letter figned
Charles Stanhope , where he dclired to have the faid xo,ooo /. Stock bought, or taken in,
for him, and Sir John Blunt confcnted that he fhould have it accordingly.
That cn the drifted Inquiry your Committee cannot difeover, that the faid Mr. Stan-
hope ever paid, or gave any Security to pay, for the faid Stock, or that any attual
(Transfer was made to him of it.
Mr. Richard Holditch being again examined, faid, Hennderdood by Mr. Knight that 10
or 1 2,000 /. of the Company’s Stock, faid co be fold, was held for Mr. Clmles stanhope of
the Treafury.
That Mr. Knight told him, That the faid Mr. Stanhope was undetermined in the Morn-
ing when he fird mentioned it, whether he would have it or no, but in the Evening agreed
to have it
Yoilr Committee find, upon Infpcftion of the Accompt of Cafh kept by the South-Sea
Company with the Bank of England, that by Nores drawn upon the Bank by the Cadiicl*
of the South- fen Company, the Sums following, amounting to 51,736 /. 13 1. were paid to
Charles Stauhopc, Efq;one of the Secretaries of the Treafury, out of the Cafh of rhe South-
fen Company, at the Days following, viz,. May the 7th, 5662 l. 13 s. May 12th,
600 l. June 18th, 40, 609 l. September 10th, 4865 /.
.Upon the Examination of Jacob Satubridge, Efqjlate one of the Direftors, and of the
"Committee of Treafury of the South- fea Company, and alfo a Copartner with Elias Tur-
ner and Company, with whom Part of the Cafh or the South- fea Company had been ufually
Icepc, till within three or four Months pad ; and upon Pcrulal of rheir Books, your
■Committee dilcovcred a Difpofition of 50,000 /. of the Company’s Stock (as it was then
called) unto rhe faid 'Turner , Sawbridge, and Sir George Cafwall t which Sum now appears
in the Accompt of" Stock fold, laid before this Houfe, viz.
I . /.
Mdrch axthi_ Turner, Cafwall and Company, 50,000"? 250 ("125,000
Ditto . 10,000X270?. 27,000
'The Particulars of which Affair, fo far as it relates to the faid 50,000 /. your Committee
do now lay before the Houfe ; and for the better Information of the Houfe, they have an-
nexed in the Appendix to their Report, N°.II. exaft Tranfcripts of the feveral Articles
and Accompts contained in the fcveral Books of Turner and Company, unto which their
Report has Reference.
Printed image digitised by die University of Soul h amp Ion Library Digitisation Unit
( 7 )'
Mr. * Jacob Sawbridge being examined as to his pairing, arid figtung the Accofrrpt of Stock
fold, enter’d in die Cafli Book ot the South Sea Company, without the Names of the Per-
fons to whom it was fold ; and alfo the Difpofition thereof, acknowledged, chat he allow-
ed and figned the faid Accompc, and made no Objection thereto, Mr. Knight faying
that the Accompt was right 5 but the Examinant faid he could not tell to whom that Stock
was fold, Mr. Knight not giving the Committee of Treafury any Particulars thereof ; bun
at length Mr. Sawbridge owned chat he had 50,000 I. part of the 68,000 1 . Stock mentioned
in the Cafh Book to be fold the 2 ill Day ot March 1719, at 250 1 . percent, and faid, than
when the Charter of Turner and Company was ordered to be laid befo.e the Committee,
appointed the lalt Seflion of Parliament to enquire into and examine the feveral Subfcrip-
tions for Fifhery, and other Projects, the faid Turner and Company were obliged to fell
50,000 1 . South Sea Stock more than they had, (which he called felling the Bear) and
hearing that the South Sea Company were felling Stock, he bought (as he faid) this
50.000 1 . Stock of the Company, but admitted that he did not pay down any Money for
ir, and that there was no Agreement in Writing relating thereunto ; but if the Price of
Stock had fallen, he faid he mult have Hood to the JLofs of it: That this Stock was not
then delivered to him, but was delivered to him, or his Order, by Mr .Robe>t Surman, up-
on the nth of June 1720, at which Time he paid the Money for ir, amounting to
125.000 1 . That the Price of Stock was then advanced to 750 1 . percent, fo that at the
Market Price this 50,000 1 . Stock comes to 575,000 1 . and that he enter’d in his Book
125.000 1 . paid to the South Sea Company, and enter’d 250,000 I. as paid to his own
Cafli, but did not receive any Money.
That he direiflcd rlus Accompt of Stock to be enter’d in a flftirious Name, that theic
Servants might not; know ir to be the proper Stock of Turner and Company, and carried
ic to the Accompt of Stock in their Books, where it is blended with the refl of Stock.
But SicJJm Ft I, 'owes faid, That lie did not know of any particular Parcel of Stock holden
for Turner and Company, till lately ; and laid, he did not remember the Difpolal of the
50.000 1. Stock to them ; that Mr. Knight ufed to trail fact with them, and lie (the Exa-
minant) believed, the Company did not intend to give them the Benclit of fo much Stock.
Your Committee proceeding to infpe&the Books of Turner and Company, anu to exa-
mine Daniel Watkins, one of their Clerks, and alfo Mr. Jacob Sawbridge , do find,Tliau up-
on ti c nth ol Jane 1720, this 50,000 k Stock, and the improved Value thereof, amount-
ing to 3 75,000 1 , was regularly placed to the Accompt of Charles Stanhope Efq; in the fe-
veral Stock Leidger-Books of Turner and Company, mentioned in the Appendix under the
following Letters, viz. In the Stock- Leidgcr-Book, Letter A. Fol. 99. and in the Siock-
Leidger, Letter B. Fol. 7, and < 52 . the Entry in the Leidger, Letter ^2. is 111 thefe Words
on the Debtor fide.
1720, June 11.
ToCafli for22,ooo I. South Sea Stock to Ko-'f j 2Q2 3
bat Knight, and Hubert Surman s Order, j * * > I. 375,000
To D°>28,ooo 1 . L° to J.Stoke’s Accompc, 1 . 172,7703
And this Accompt was upon the fame rrch of June 1 720, regularly entered in their
Book, called the General or Clearing-Book, Letter C. Fol. no. and was placed to Charles
Stanhope Efq; accordingly.
Daniel Watkins declared, Thar lie at firft wrote thofe feveral Entries in the faid Book,
in the Name t>f Charles Stanhope Elq; by the Direction of Sir George Cafwall, one of the
Copartners with Tin Her and Sawbridge , or from fome other Accompc ; and believed, that:
he had feen the faid Charles Stanhope Efq: at the Office of Turner and Company, once or
oftner,in or about the Months of May or June laft, coining there to receive Money .• That
lie was then cold Mr. Stanhope’s Name by fome Clerk in the Office, and upon his Exami-
nation deferibed Mr. Stanhope to be a tall thin Man, of a black, or brown Complexion,
according to his Remembrance.
The faid Accompts mentioning 28,000 k Stock, part of the faid 50,000 I. to be adjufted
with Jofeph Stokes at 172,770k Your Committee fent for the faid JcfephStok.es , and foe
Jofeph S tanborough his Partner, who acted for Turner and Company, in the felling of Stock,
who being examined, and producing their Accompt -Book, and comparing ic with an Ac-
compt in the faid Leidger of Turner and Company, Letter D. Fol. 86. kept with the faid
JoJeph Stokes, for the Produce of this 2S,ooo 1 . Stock, at 172,770 i. J bn Stanbo> ough faid,
that he tranfafted this Affair for Mr. Sawbridge, and that the faid 28.000 1 . Spilth Sea Stock
wasfold, or difpofed of by him or Jofeph Stokes, upon the loth, of June 1720, or ; a Day
or two before, together with another Sum of 1000 1 . South Sea Stoclc, at feveral Prices,
amounting in. the whole to 180,2801. which Sura he a&uiflly paid andaufwetcd to Jacob
CJ a Saw-
iage digitised by the University of Southampton Library Digitisation Unit
Printed h
( 8 )
Sawbridge Efq; upon the loth or nth of June 1720. who can fed the faid Stock to be
transterr’d accordingly ; thereupon your Committee proceeded to enquire into the Time,
and Manner of Payment for this Stock unto Mr. Charles Stanhope , and infpedting the fc-
veral other Books of Turner and Company mentioned in the Appendix , called the Note-
Book, the Cafli-Notc- Book, the Drawing-Leidger, and the Cdh-Noce Leidger, wherein
the As-compt of all Notes, ilfued and paid by Turner and Company arc duly enteied, it
appeared by the Note- Book, Lctcer F. Fol. too. and by theCafli-NoteLeidger, Letter^,
Fol. 289, and 2 yp. that upon the nth ot June 1720, one Cafh-Note of the faid Timer.
and Company was regularly made out for 202,230 1. payable to the faid Mr. Charles Stan-
hope, and another Cafh-Note of Turner and Company was alfo regularly made out the
fame Day for 47,770 1 payable to the faid Mr. Charles Stanhope, which laft Note in the
Note-Book, Letter T. Fol. 100. is entered, Robert Surman ; both which Notes were regu-
larly entred, paid, aiul fatisfied unto Mr. Charle s Stanhope by Turner and Company, upon
the 12th of December 1720. in the Note-Book of Turner and Company, Letter G. Fol. 70.
and in their Cafh-Note Leidger, Letter H. Fol. 77. and by another Book of Turner and
Company, called the Drawing-Cafh-Leidger, Letter I. Fol. 758. it appears, that upon
the faid nth Day of June 1720. when the laid Notes wu-e ilfued, the Sum of 47,770 1.
being the Contents of dfie of the faid Notes, was charged to the Accompt of Mr. Robert
Surman , Deputy-Cafhier of the South Sea Company, as paid that Day out of the Cafh
kept by Turner and Company, unto the Order ot the faid Robert Surman : And Robert
Surman being examined thereunto, upon Infpcction of Cafh-Draughts kept by Turner and
Company in his Name, wherein it appears, that he is charged with the afore faid Sum of
47,770 I. paid by Turner and Company upon the nth of June 1720. out of the Cafh kept
with them by Mr .Knight, asCafhier of the South Sea Company, and for which Surman
was accountable to Knight, did verily believe, that the faid Sum accordingly paid by
them by Order of Mr. Knight , was given to the Examinant out of the faid Cafh, and was
no Part of the Examinant’s proper Cafh.
- Your Committee in this Place obferve, chat the two Sums of 202,230 1. and 47,770 I.
amount to 250,0001. which being added to the 125,0001. the fuppofed Price of the faid
50.000 1. Stock, amounts to the whole Sum charged in the faid Stock-Lcidger, viz..
375.000 1. as the Produce of the faid Stock upon the nth of June 1720. and dedufting
out of the 375,000 1. the Sum of 1 25,000 1. for the prime Coft of the faid Stock, there re-
mains a clear Dilference of 250,000 accruing to the Perfon for whofe Benefit the 50,0001.
S.ock was charged, as fold in the Company’s Cafli-Book, which is the cxa£t Amount of
the faid two Cafh-Notes, made payable to Charles Stanhope Efq; and accordingly entred,
paid and facished unto him the 12th of December 1720.
In conhimation of which Payment, it appears to your Committee by the Drawing
Cafli-Leidgcr, Letter K. now kept by Turner, Cafwa/l, and S n-ubridge, in a new Copart-
nerfhip with M r. Henry Blum (Son of Sir John Blunt) and Mr. Robinfun Knight, (Nephew
of Mr. Robert Knight) which commenced the 25th of June 1720, Fol. 512, and 570. in
an Accompt kept between Turner ,CaJwaU, and Sawbridge, and the new Copartners, that
the faid 250,000!. was entred paid in Difchargc of the two Notes upon the 12th ot De-
cember 1720, and placed to the Accompt of Money disburfed upon the feparate Accompt
of Turner, Cafwa/l, and S awbridge, out of their feparate Cafh actually paid into the Hands
of the new Copartners upon the 25th of June 1720, amounting in real Cafh unto the
Sum of 1,166,875 I. 4 s. 1 d. out of which the 250,0001. 415: accordingly fet offin Dit-
charge ef- f h<i new Copartners.
: Y our Committee' txamined John Mount, and John Maddy Cafhicr to Tamer and Compa-
ny, as well beforc,as lincetlic new Copartnerfliip, Richard Fenton their Book-keeper, and
dlfo Jacob Sawbridge jun. (Son of Jacob Sawbridge Efq;) the faid Robinfon Knight and
Henry Blunt, who before the 25th of June 1720, were Alfiftants in the Office of Turner
and Company, relating to the feveral Books and Entries, and to the Tranfaftions therein
contained ; and John Mtntnt, John Maddy, anil Richard Fenton declared, that they verily
believed, that all the faid Accompcs and Entries, of Receipts and Paymcnts,and ofifiiiiug
and-paying Notes were true ; and that the refpcdffvc Sums mentioned therein to have
been received. and paid, were really received and paid; and that the Notes therein men-
tioned to Have been ilfued and paid, were actually ilfued and paid according to the Im-
port of die feveral Entries ; and that thofe two Notes for 202,230 1. and 47,770 1. were
actually ilfued payable to Mr . Charles Stanhope upon the nth of June 1720, intheufual
and regular manner, the Note for 202,230 1. being entred and filled up by the faid Henry
Blunt, and the other Note for 47,770 1. being entered and (MtcA xto by Jacob Sawbridge f
jun. by the Direction of Jacob Sawbridge fen. Efq; and both the laid Notes, figned by
Robinfon Knight, then entrufted by Turner and' Company to fign Notes for them, as Jacob
SmibYidgeiuiu Robinfon Knight, and Henry Blunt did acknowledge j and that Turner and'
' ~ ' " Company
Priii led image digitised by live University of Soul Hampton library Digitisation Unit
( 9 >
Company, did thereby become chargeable with the Payment of the Mon-w menrfoned
in the two Notes, were actually paid and fatisfy’d upon the 12th of December 1720 accor-
ding to the Entries thereof, made in the faid Books out of the Cafh, amounting to
1,100,87s I.4 s. 1 d. really paid and anfwered by Turner, Ctfwal, and Sawlrid're into
the new Co-partneiflnp, wlncli Henry Blunt and Robinfou Knight, the new Co-partners
did likewife cdnfefs, and that the two Notes being then difeharg’d, were delivered up to
Turner and Company. y
The Committee obferving, that in the Stock-Leidgcr, Book (A) and (B), the Name
as it now hands at the Head of Aceorapts there, and alfo in the Accompts in the faid
Book- Ltidger, Letter (A) Fol. 7. is ( Stangape ) altho’ in the Alphabets, or Indexes of the
faid' Books, referring to the true Folio’s, the Name Bill remains ( Stanhope ) and alfo that
in the laid General or Clearing-Book, the Name now appearing in the Accompr of the
faid 50,000 1 . Stock, is ( Stangape ) and that the faid Books had been razed, and the
Letters altered, did examine Jac-b Sawbridge Efq; and Daniel Watkins , one of the Clerks
of Turner and Company, upon that Fact. Mr. Sawbridge acknowledg’d, that the Name
at lit ft enter’d in the laid Books, was (Stanhope) and faid ic was enter’d in a Editions
N ..me, that their Servants might not know of it ; that he gave Directions to Daniel Wat-
kins, about two Months pall, to make the feveral Razures and Alterations in the Sirname,
ard to turn it into (S tmgape) but ow„’d that this Namereferr’d to the Name ( Stanhope )
mention’d in. the Alphabets, and in the other Books, and that it meant the fame Perfon.
Beii g as’d whether there was any other fictitious Name made life of in the Books of
Turner and' Company, befides the Name ( Charles Stanhope, or Stangape Elq;) he faid, that
there wasno other fittirious Name in the whole Book,, to* his Knowledge.
Daniel Watkins being thereupon lent for, 'and examin’d, did declare, That about the
j4-.l1 Day of December lull, ‘he made the feveral Razures and Alterations ns in the Name
{Stanhope) which was the Name he at full wrote down in the Books, and alter’d, -the
fame to ( Stangape ) as ic now appears, by the Diredion of Sir George Cafwall, who ’then
told the Examinant, that it was an anonymous Name (as the Examinant exprefs’d it)
and thac ic ought ro have been {Stangape) at firft ; that Mr. Sawbridge was not prefent
at that Time,' and believed Mr. Sawbridge did not know ofit till afterwards ; but JJAit-
kins likewife own’d that there is no other fiditious Namein any of the faid Books.
Mr. Jacob Sawbridge attending 111a Room next adjoyning, was call’d in again, after
Watkins was withdrawn, and, did then fay, That upon recolleding himfelf, he defit’d Sic
George CafmlTo give Directions for the Alterations.
But Mr. Robert Surman ( who was well acquainted with Turner and Company, arid had
about two Years fince been a Clfrk to them,! and the prefent Calibers and Clerks of , Tur-
ner and Company, viz,. 'John Maddy, John Mount, and Richard Fenton, did all of them
declare, upon their Examinations, thac they never knew nor heard of any fiditious
Name made ufe of by Turner s.nA Company, in any of their Books, and John Maddy,
one of the Cafbicrs faid, that in the Nature of the Affair, fiditious Names could nor
be made life of.
Your Committee thinking it migh£ .beof Ufe to have a fight of the Notes themfelves,'
ordered John Maddy to fcarclyj^r^han . m "the proper Place, and to bring them befqfe
your Committed j who bciije return’d, acquainted them, that he had fearched the. Files,
kept for that Purpofe, at the Office of Turner and Company, and altho* he had found
ocher, Notes, which were enter’d to be paid on the fame 12th of December laft and upon
other Day s before, and after that Day, preferv’d as ufual upon the File, yet hexouljl
find neither of the faid two Notes ’; and thac enquiring of Daniel Watkins, what was be-
come of. the faid Notes, he was inform’d by him, that he well remembred, that wjipn
he enter’d thefe two Note?, paid the, 12th December laft, he took them up and oancejl’d
them ; and that they being nyuch worn by having been carried in a Pocket, he had 4 ®“
lirovM them, arid gave the Examinant no other Reafon for his fo deftroying them.
'I pc Examiraritfaid further, that he did not know or remember that any other Notes dc-
jivtv’d up, had. been deftroy’d but that the Method obfervfd in thair Bufincfs, had been
to tear off the Name of ;the Perfon Signing -them, and ro preferve the Notes uponaFile
kept ler thadpurpbfe in' the, "Office of Turner and Company.
Daniel Watkins being thereupon examin’d, confefs’d thac the fa'd two Notes were
deliver'd up to him, upon the 12th Day of December 1720, by Jacob Sawbridge Efq;
and that after he had examin’d, them with the Books, and found them to be of the fame ^
• Number, Dates, and Suh\yy u with fuph two Notes then outftanding; he on the fame
iath ol Decenipe,, cancel)\ 4 -^d-deftrqy’d them, and believ’d he burnt them, but; had no
Direction fo to do, his Orapr s frqm Stvtxbridge Efq; being to ^lifcharg« them in
the Books, and 'that, the only . fyyafon for,, bis deftroying. them, was, bccaufe the Files
beine remov’d out of their ufual Places, he could not find the proper Files,- whereon thtfe
, D Notes
lage digitised by the University' of Southampton Library Digitisation Unit
Printed ii
(' 10 )
Notes ought to have been put, and alfo believing that no other Perfon had any .Property
or Intercll therein befides "Turner , Cafwall, and Snwbridge, to whofe proper Accompc he
then placed them.
Being ask’d, if he had ever deftroy’d any other Notes, deliver’d up to Turner and Com-
pany, upon Payment thereof, he anfwered, that he could noc remember that he ever
deftroy’d any other Note, fo deliver’d up ; but that other Notes, after they were fo tte-
livcr’d, have been preferved upon Files.
Henry Blunt Paid, that the Note for 202,230 l. was filled up byhimfelf, and being figred
.by Rubiufon Knight, was deliver’d to Jacob Snwbridge Efq; who immediately canceled the
faid Note, by tearing off the Name of Rubinfon Knight, fearing (as the Examinant fup-
pos’d) that lie might loic ir, and then put the faid cancell’d Note in his Pocket, but
the Examinant did not know the Reafon of Mr. Sa-wbridge’s fo tearing fuch Notes.
Your Committee hereupon cannot but obferve the dangerous Confcquences of fuch
extraordinary Acts of Razing and Altering the Name of a Gentleman of Diftinftion, in
Books belonging to a Society of Bankers, and in an Article of fo very great Value, and
of the dcilroying rhefe two Notes from the I.nfpedtion whereof, more lull, and more di-
reft Evidence might have been laid before this Houfe, efpccially confidcring rhat both
thefe Fafts were committed after an Inquiry into the Proceedings of .the Directors of the
Soutlrfea Company was begun by this Houfe, and the Razure made in the Accompc
of Books of Stock was about the fame Time, when the general Accompt of Stock fold
by the South-fen Company was deliver’d into this Houfe, and when the fubfequent Order
of this Houfe, of the 1 7th of December laft was made, that the Directors of the faid
Company fliould lay before this Houfe a particular Accompt of the faid 574,5.10*/. Stock,
fold by the faid Company, with the refpedtive Prices and ' Filrcels, and the Perfons by
whom it was fold ; and by whom,, and to whom transferr’d.
Your Committee further obferve, Thai Daniel Watkins, upon his firft Examination,
did not mention any Thing concerning the Property of this 50,000 l. Stock, altho’- his
Examination did naturally lead thereunto; but upon his fubfequent Examination on ano-
ther Day, he faid, he believed this 50,000 l. Stock was bought by 'Turner and Com-
pany, or one of them, of the South-fen Company, or of Mr. Knight, for their proper Ac-
compt, and dirc&ed to be enter’d in Mr. Stanhope's Name, - to prevent their Servants
knowing that it was their own Stock; but being ask’d what Reafon he had for fuch his
Belief, he only anfwer’d, becanfe he was ordered by Mr. Sawbridge, upon the 12th of De-
cember laft, to place thefe Notes to the proper Accompt of Turner and Company, and
that'ffom the Nature of the Accompt, and from Mr. Turners infilling to have Credit
for i 1,000 /. Soutb-fea Stock from the Co-parrncrfhip, which he could not otherwife
have, and from all the Circum fiances he had any Knowledge of, he could not find that
•any other Perfon had any Property therein.
Mr. Robert Surman faid, he remembred, that there was 50,000 l. (which, he believed,
was part of the 68,000 /.) Stock, mentioned in the Cafli Book, to be fold at the 21 ft of
March 1719, at 250 l.per Cent, fold to Turner and Company ; and before it was adjufted.
Sir George Cafwall acquainted him with it, and left with him a Cafli Note for 125,000 /.
to be deliver’d to Mr. Knight, hying, Mr. Knight knew what it meant, and foon after-
wards, the Stock was adjufted between Mr. Knight and Sir George Cafwall, and the Ex-
aminant delivered the faid Note to Mr. Knight, and had, after that time, fecn fuch Cafli
Note In Mr. Knight's Cuftody, but did not remember any Thing of the Payment of. the
faid-Notc.' ■
Being (hewn the Entries before-mentioned, in the Srock-Leigers, Letter (A) and (B),
and the General or Clearing Book, Letter (C), he faid, thofe Entries imported Turner
: and Company their paying to the Perfon therein named (Stanhope or Stangape) the Money
"therein-mentioned, the Examinat having formerly been a Clerk to Turner and Company
•and negotiating their Stock for them : He faid moreover, he never knew or heard' of
"the Name ( Stangape ) till after Mr. Sniubrutge’s Examination, but knows Charles
Stanhope Efq; of the Treafury ; and that about fix, eight, or nine Months before his
Examination (which was upon the 24th of January lafl) he had frequently feen him at
the South-f(ii Houfe, and that lie faw him there near two Months paft, and not fince, at
"which ftvcral Times, Mr. Stanhope and Mr. Knight were writing together, andfeem’d to
be 'fettling Accumpts.
Upon Sati/rdajL the 2 ift Day of 'January laft, before Noonj your Committee fent for
'•Mr. Robert Knight the Cafiiicr, to examine him particularly about this Difpoficion of
Stock in the Company’s Cafli Book, who faid, that this 50,000 /. was part of the 68,000 /.
Stbck charged. 'in the Cafli Book to be fold the aift of March 17151, at 250 l.per Cent, that
about that Time he was ordered by the Sub and Deputy Governors, Mr. Gibbon, Mr.-
ty'M'r Mr, Wditefi, au 4 Sir John Blunt, to deliver this Stock to Turner and Company
- ' " s ' for
Printed image digitised by the University of Si)Lilltarnplun library Digitisation Unit
( II )
for their own Ufe fas he believed) and that about the latter end of May 1720, (as he
remember’d) it was deliver’d to them, by an Adjuftment of Stock nude with them,
and that he received the whole Money of them for fuch Stock at the Price of 250 I. per
Cem. He owned there was no Agreement in Writing made, nor any Time limited,
when the Stock fliould be delivered, becaufe the Company had not the Stock at that.
Time, but "Turner and Company might call for it when the Price was advanced to 756 l.
per Cent, upon paying 125,000 /. and thereupon the Stock was to be . delivered without-
making any Allowance to the Company for forbearance of Payment. That Elias Tur-
ner, Sir George Cafiuall, and "Jacob Sawbridge , were obliged in Honour to pay the Money,
and to hand to the Lofs, it the Stock had fallen, but that Stock continued to rife, and
was never under 250/. per Cent, after this Bargain.
Your Committee proceeding to examine Mr. Knight further, concerning the Difpofal
of the Stock enter’d in the Cafli Book in Blank ; and inquiring of him, from whence
the Accompt ot Stock then prepared by him, and intended to belaid before this Houfe,
was taken ; he anfwer’d, ’jThat before he enter’d this Stock in the Ca£h Book, he fhew’d
the Sub and Deputy Governors, Sir John Blunt , Mr. Gibbon , Mr. Chefier , Mr. Hol-
ditch , upon a Paper, the Method in which he propofed to enter it, and had their Appro-
bation thereof; and in that Paper, the feveral Names of the Perfons who were to have
the Benefit of this Stock were mentioned. That he difpofed of about half of that Stock,
and put down the Names of the Perfons to .whom it was dHpofed of, and that the Sub
and Deputy-Governors difpofed of fome, and Mr. Gibbon, Mr. Chefier , and Sir John
Blunt difpofed of other Parts, and gave him the Names of the feveral Perfons ro whom it
was difpofed of by them: That he had not feen that Paper for about fix Months, but
nude up an Accompt of this Stock to be laid before the Houfe, witli the particular
Names, from hisMemoiy, and fome Letters, and by Inquiry from feveral of the Di-
rectors, Bickers, and Clerks, and that the 50,000 /. Stock to Turner and Company was
Part of the Stock wliicn the Directors difpofed of. That the CaOi Book was pafs’d in
Blank by the Committee, and he believed that no Obje&ion was made to it, nor any
fiich Reafon given, as thar the Perfons Names were not proper to be made publick ac
that time ; and deny’d that he faid, that if the Bill pals’d, the Stock would be well dif-
pofed of ; but owned, that lie did not think it proper to enter the Names of the Mem-
bers ol Parliament who had any Part otchis Stock in the Cafli Book ; and ciiat it was the
general Opinion of the Gentlemen then prefent, that it was not proper the Names fhould
be mentioned; and he faid, tnat fuch Members did not know that it was the Com-
pany’s Stock ; that the Names of all the Members of Parliament, who had Part of this
Stock, are not fet down in this Accompt framed by him, becaufe he was not certain
who the Perfons were; that it was declared by the Directors, that the Sub and Deputy-
Governors fliould have the Ca.e of the Scheme, with a Liberty of taking to their Affift-
ance fuch others of the Directors as they fliould think fit.
Mr. Knight being here prefled to produce his Letters and Papers, and to declare more
particularly , what he knew of the Dilpoiition of this Stock, delired leave to attend the
Roi.fe of Peers, according to- their.Qrder, the Time appointed being come, and not
having his Papers in readineft then'; Your Committee intending to proceed farther in
his Examination 3 n the Monday following, and ro give him Time to colled his Papers
and Accompts, did thereupon permit him to go to Wefiminfter ; but Mr. Knight with-
drawing himfelf that Saturday Evening, prevented any Difcovery of this important Affair 1
from his farther Examination.
Your Committee further reprefent, that they have difeovered great Dealings in South-
fea Stock by John Aijlabie Efq; with one Broker, Matthew Weymondfold, while the South fra
Scheme and the Bill were depending in Parliament, and foon after the Bill was pafs’d; .
the Particulars of which Dealings are contained in an Accompt of Capital Stock bought
and fold, and to the Amount ot 77,000 l. each delivered into your Committee by Mr.
Weymondfuld, and which Accompt is annexed to this Reporr, No. III.
And yout Committee finding that Turner , Cafuiall , and Company, had great Ttanf-
afiions wich the South-fea Company, upon further Infpc&ion or their Books, amongft
other remarkable Paflages ip the faid Books, they found very great Sums of Money re-
ceived by Turner and Company, for the Account of Edmond Waller Efq; (Son-in-law of,
John Aiflabie Efq; late Chancellor of the Exchequer ) and paid out to him, or his Order,
between the 28th Day of. March laft, and the 21ft Day of November following, amount-
ing co 794,45 f 1 . 1 5. s. '9 d. And yout Committee alfo found a confiderable Quantity of
South-fea Stock bought an^T.jold in the Name of the faid Mr. Waller.; and in the general .
Accompts of Stock of Turner and Company, it appears, that there was a Ballan'cc of
77,600 /. due to the faid Mr. Waller from Turner and Company ; for fccuring which Sum,
"Turner and Company enterd into Bonds the adth of November for twelve Months, "
from
• Printed image digitised by the University of Southampton Library Digitisation Unit
( ■ II )
from the 24th of September then pall ; that is to fay, one Bond for 44,600 l. to thf faid
Edmond Waller., and one other Bond to thomas Waddell, Efq; for 33,000 l. Where pon
your Committee ordered Mr. Waller and Mr. Waddell to attend them; but they have not,
as yet, had any Opportunity of examining Mr. Waller, by Reafon of his Indifpolition ; but
Mr. Waddell attending yOur Committee, was examined, and did inform them, That
about the End of Otlober , or Beginning of November laft, Mr. Waller defired him to take iri
10,000 1 . South Sea Stock for him, and in three Days afterwards, told him, he had according-
ly transfer’d it to the Examinant, and defir’d him to go to ’turner and Company, and gave
them a Defeazance for transferring that Stock, upon their paying 33,000 /. That the Exa-
minant did accordingly accepts Transfer of the laid 10,000 /. Stock from Mr. Waller , and
gave a Defeazance for transferring that Stock to turner and Company, who gave the Exa-^
minant their Bond for Payment of the faid 33,000 l. That Mr. Waller acquainted the
Examinant that this was in Trull for John Aijlabie, Efq; and he was afterwards toldfo by
Mr. Aijlabie hiinfelf, and fays, That he has turner and Company’s Bond for the faid 33,000 /.
which is the proper Money of Mr. Aijlabie-, but Mr. Waller's Indifpoliciomhas prevented
your Committee from laying before the Houfe in’ this Report, a more full Accompt rela-
ting to the Sum of 794,451 l. 1) s. 9 d. before-mentioned.
Here your Committee mufl obferve. That in the Accompt of Stock fold, laid before
this Houfe, they found the Names of feveral Members of this Houfe, and of the Houfe of
Peers, not concerned in the Adminiftration, or in the Management of the publick Reve-
nue, whofe Cafes your Committee could not particularly Examine, but mud wait for the
Confideration and Direftion of the Houfe, in what Manner each Examination fliall pro-
ceed. In the mean Time, your Committee think it proper to acquaint the Houfe with
divers Practices made ufe of to raife the nominal Value of South Sea Stock to that extra-
vagant Rate to which it was afterwards advanced, above the real and intrinfick Value
thereof.
Your Committee find, That by Computation made, by Dire&ion of your Committee,
it appears, that the Dire&ors of the South Sea Company might have railed the whole Sum
ftipulated for the Publick, with a Profit of near one Million and an Half for the Benefit
of the Proprietors of the old Stock, without fetting their Stock to Sale at any higher Price
than 150 l. per Cent.
That after the faid Direftors had taken in the firft Money Subfcription at 300 /, per Cent.
and the fecond Money Subfcription at 400 l. per Cent, and the firfl Subfcription of the long
andlhort Annuities at 375 l. per Cent, the Value of ioo l. South Sea Stock was but 12® /.
or thereabouts, fuppoiing the whole Money of the faid firft and fecond Subfcriptions
(amounting to 12,750,000 l.) had been all paid in.
That the faid Court of Directors did afterwards proceed to take in a third and a fourth
Money Subfcription at the Rate of 1000 l. per Cent, and a fecond Subfcription of the
long and fhort Annuities, and a Subfcription of the redeemable Debts, at the Rate of
800 /. per Cent, after which the Value of 100 /. South Sea Stock was but 332 /. or there-
abouts, fuppoiing the whole Money of the faid four Money Subfcriptions (amounting to
<58,750,000) had been all paid in.
That if all fhc remaining Publick Debts had been taken in, and all the remaining Stock
of the Company fold, on the Terms which the faid Dircftois pretended to expedt, ioo L
South Sea Stock would have been worth but 547 /. or thereabouts; fuppoiing the Money
of the, faid four Subfcriptions, and the Money for the remaining Stock (which together
would -have amounted to 205,039,401 /.) hadbddn all paid in.
That on the, 30th Day of Augufllalt, the Court of Directors of the South Sea Company
came to a Refolution (which on the 8chDay of September laft, was confirmed by a Gene-
ral Court) to declare a Dividend of 30 l.per Cent, to be made at Chrifhnafs, 1720, and of
no lefs than 50 /. per Cent.per Ann. forgot lefs than 12 Years to come from that Time.
That foon after this Refolution (viz., at a general Court held the 20th Day of Septem-
ber laft). the Sub-Govcrnour acquainted the General Court, that the Affairs of the Compa-
ny, in Relation to the Price of their Stock and Subfcriptions, had taken an unexpefted-
TiiHi; and-thcreupon propofed their giving a Power to the Court of Directors to relieve
the laft Subfcribers of the publick Debts, and the Proprietors of the two laft Money Su£>-
feripcions, which was accordingly granted ; and at a Court of Directors held the 29th
Day of September laft, it was refolved, That the faid Subfcribers fhould have the fame
Terms with the Bank, viz,. That their Subfcriptions fhould be reduced from 1000 /. and
8.00 l. per Cent, to 400 l. and that they fhould alfo have the Benefit of the Midfummcr
Dividend of 10 /. per Cent, which was accordingly confirmed by a General Court held the
30th Day of the fame Month ; upon which your Committee obierve, that it appears to
them, very extraordinary, that the Directors on the 8th Day of September (when the faid
giigh Dividend was, declared in a General Court) jQiould have t»ad no Forcfight of the T urn
PrinLod image digitised by the University of Southampton Library Digitisation Unit
C U >
which fo fobn after (viz. on the aoth Day of the fairie Month) happened in th'eii!
Affairs.
That on thefaid 8th Day of September , the Sub-GovernouracqiiaiiUcd the General CourOj
That their Directors had been unanimous in all their Proceedings, which araongft other
Things, includes the before-mentioned feveral Subfcriptions by them taken in, except the
Firft; and upon the Examination of the Directors ic doth not appear to your Committee,
that any one of them protefted again ft, or declared any publick Dilfenc from any of the
faid Proceedings; and it appears, that air of them took their Shares and Proportions of
the Subfcriptions, which were allotted for the relpectivc Directors to difpofe of.
And your Committee have been informed by Sir Theodore jfdnffen, That there was a
Meeting at the Houfe of Sir John Pellowes, betwixt lixcecn of die Court of Directors, Mr.
Secretary Craggs, and Mr. Aiflabie, at which Time if was propofed, that a Subfcriprion
fliould be taken in at 300 1 .per cent, which was approved of by Mr. Secretary Craggs, and
Mr. Aiflabie.; and that, when the faid Company broke up, it was agreed, that every Pet-
fun fliould ufe their beft Endeavours to promote it; which is alfo confirmed by the In-
formation of Sir Lambert Blackwell.
And at a Court of Directors held the 13 th Day of April laft, it was refolv’d, To take
-in a Subfcription for two Millions, at the Rate of 300 1 .per cent, but the lame was after-
wards increafed, without any .previous Refolution to that purpofe, to 2,250,000 1. And
your Committee obferve, that the imaginary Value of the faid Subfcriptions rofe very
• laft ; and that thofc who had the Benefit of the faid additional Subfcription, if they fold,
and difpofed of the fame, made very great Gains thereby.
That ar a Court of Dlvcftors held the a8thDay of April laft, it was refolved to take
in a fecond Money Subfcription, at the Rate of 400 l. per cent, for 1,000,000 I. but by
• the Accompts delivered into this Houfe, it appears, that the faid Subfcription was for
1.500.000 yet it doth not appear that there was any previous Refolution or the Court of
Directors tor the Addition ot 500,000 1. nor was the faid Addition declared till the 8tii of
September laft, at which Time the Sub-Governour acquainted the General Court
- therewith ; upon which your Committee cannot bun obferve the great Diftance of Time
. between the taking in of the fecond Subfcription at 1,000,000 1. and the 8th of September ,
- when the fame was reported to the General Court at 1,500,300 1. during which Interval
the imaginary Value of that Subfcription was exceffively increafed, whereby the Perfons
who had the fame, had the Advantage of that extraordinary Rife.
That at a Court of Directors held the 15th Day o (June laft, ic was refolved to take in
, a third Mone'yTu b ferip tion at the Rate of tooo 1 .per cent., one tenth Part whereof was to
be paid down at the Time of fubferibing ; and at a Court of Directors held the 23d Day
of the fame Month, the Sub-Governour acquainted the Court, That the faid Third Mo-
. ney-fubfeription. was compleated, without imcncioning to what Sum ; but at the before-
mentioned General Court, held the 8 th Day of September laft, he declared the fame to be
for five Millions; and Mr. Knight, lace Cafbier of the. South Sea Company, by an Article
dated the aothdDay laft, in the Cafh-Book, Fol. 125. charges the faid Sum of
live Millions as received ; which Accompt was palled, and allowed by the Company’s
Committee of Treafuty, on, or feme Time afccr the 4th Day. of- Augufl laft; and yet in
the Accompt .of the .Third Money-fubferipcion delivered in ro this Houfe, it . is ftated at
4.400.000 1: only the remaining Sum of 600,000 I. being enter’d on thc Credit-fide of the
. faid Caflv- Book on the ipth ot December 1720. as a fuppofed Deficiency of the Payment
on this Subfcription ; altho’ it appears to your Committee, upon the Evidence of Mr.-
Lcckyer and others, that not only the whole Sum of five Millions, but even a confider-
able Exceeding thereon was paid in; that a great deal of Money was repaid back to re-
duce the Subfcription to five Millions : and, that they had Money enough paid in for near
eight Millions.
That at a Court of Directors held the 12 th Day of Augufl laft, it was refolved to take
in a Fourth Money-fubfcription lor one Million,, ac the Rate of 1000 per cent. And, at a
Court of Directors held the 25 th of the fame Month, it was declared, That upon calking
up the Books, it was found that the faid Fourth Moncy-fub/cription, inftead of one Mil-
lion, was increafed to 1,253,000 1. which was occafioned by taking thefaid Subfcription
in feveral Books ; and at the before-mentioned General Court, held the 8th Day of Sep-
tember laft, the Sub-Governour declared the Fourth Money-fubfcription was compleated
to 1,250,000 1. And Mr. Knight rhe Cafliier hath, in an Article dated the 30th Day of
Au&ufl laft, and enter’d in the Calh-book, Fol. 128. given the Company Credit for the firft
Payment made on the 4th Subfcription, viz., for 2,500,000 ]. which Accompt was palled,
and allowed by the Committee of Treafury on the 4th Day of OElober laft ; and yet in the
Accompt of the faid Fourth Money-fubfcription delivered into this Houfe, it is ftated ac
; 1,200,060 1. only. That upon the Examination of Mr. Knight, and feveral of the Di-
E razors.
rage digitised by the University of Southampton Library Digitisation Unit
Printed ii
i *4 )
rectors, in relation to th'c Deficiency of the faid Third inti Fourth Moncy-Snbfcripcions,
their Anfwers were very unfatisfaftory: And - your Committee cannot but obfervej That
as by the before-mentioned Additions to the firft Two Money-Subfcriptions, feme Perfons
made great Gains, whilft the Price of the faid Subfcriptions continued high j fo when
the Price of the Subfcriptions fell, many other Perfons were favoured, by having their
Subfcriptions withdrawn, whith was the Caufe of the Deficiency.
That on the fecond Money-fubfcription each Dir eft or was allow’d, for himfclf and
Friends, 26,000 1 ; and that the Remainder of the Million at firft refolvcd to be taken in,
was at the Difpofal of the Sub and Deputy-Governours ; but for whofc Benefit the Addi-
tional-fubfcription of 500,000 1. was intended, your Committee have not yet been able
to difeover.
That on the third Money-fubfcription, each Direftor was allow’d 54,000 1 . for himfelf
and Friends ; and that feveral large Liils of the Names of Perfons were fent to the Sub-
Governour, to be admitted into the faid third Subfcription ; viz,, by the Earl of Sunder-
land, firft Lord Com mifTioncrrof the Treafury, a Lift amounting to 167,000 1 . by John
Aijlabic Efq; late Chancellor of the Exchequer, another of the Lords of the Treafury, a
Lift amounting to 75,360 1 . by James Craggs Efq; one of his Majcfty’s principal Secretaries
of State, two Lifts; amounting to 695,000 1 . and by Charles Stanhope Efq; one of the Se-
cretaries of the Treafury, a Lift amounting to 49,700 1 . Which four laft mentioned Lifts
amount to 987,000 1.
That upon Examination it appears, that other Lifts have been given in, as well on the
third as on the fecond Subfcription ; but the fame being loft: or millaid, as your Commit-
tee have befcn inform’d, they are thereby difabled, at prefent, from making any Report
thereon.
They find 2 5,000 1 . of the fecond Subfcription hath been given unto John Aiflabie Efq;
about Eight or Ten Days after the opening of that Subfcription, at which Time the Sub-
feriptiohs were at an advanced Price, of about 40 1 . per cent, and foon after rofe vaftly
higher,
That it doth not appear to your Committee, that any of the Perfons who had the Ho-
nour to ferve his Majefty in the Treafury, or in any other Part of the Adminiftration, ufed
any Endeavours to prevent the Directors of che South Sea Company from taking in Sub-
fcriptions at the aforefaid extravagant Prices; but on the contrary, it doth appear,- that
fomeof them, by the Lifts they gave in as aforefaid, did not only encourage and promote
the laid Subfcriptions,, but did greatly enlarge the lame.
Your Committee observing that Sir John Fellowes, late Sub-Governour of the South Sea-
Company, did, at a General Court of the faid Company, held the 21ft of April 1720. ac-
quaint that Court, That the Defign of the Government’s Million of Exchequer Bills to
be lent to the Company, by Virtue of the lace Aft of Parliament for iffaing-'Exchequer
Bills to be circulated at or near the Exchequer , was to enable the Company to lend Mo-
ney upon their Stock ; and finding that by Order of the Court of Direftors of the faid ■
Company the fame had been fo lent out, your Cpmmittce proceeded to enquire into this
Affair.
And on the Examination of Mr. Robert Knight, late Cafhier of the faid Company, he
declared. That he did not remember chat any Application was made by the Direftors to
have thofc Bills ifftied ; but that the firft Difcourie of this Matter was by John Aiflabie
Efq; then Cliancellor of the Exchequer , a Week before the Propofals of the South Sea
Company Were offered to this Houle; that Mr. Aiflabie faid, it would be more accept-
able to have thofe Bills circulated at the Exchequer, than to fend them to the Bank or clfe-
where, and that the Company might afford to circulate them for nothing, they being to
be lent to the Company to enable them to execute their Scheme. That the Examinant
believed, the Intention of lending 1 1 # faid Bills upon Stock had been communicated to
' Mt. Aiflabie , and that he (the Examinant) on his attending at the Treafury to follicite
the ifluing of thefe Bills, did mention that Defign, and never heard that the Treafury dif-
apBtojj^of it;
That Sit John Blunt declared, it would be better to employ thofc Bills in the lending
Upon Stbckjfthan in paying of the Redecmables, which would cake up more Time.
Hereupon your Committee examining Sir John Fellowes, he faid. That he and others of
the Direftors treated with’ Mr. Aiflabie and others at the Treafury about the ilfuing th*
faid Exchequer Bills ; but that it was firft propofed to M. Aiflabie , and the Examinant
believed, it was at firft mentioned by Sir John Blunt, in a Committee of the Direftors,
and that it was the general Opinion of the Direftors.
Your Committee examining Sir John Blunt upon this Tranfaftion, he declar’d, That
he (poke to Mr. Aiflabie to haften che ifliiing of the faid Bills ; and that himfelf, or fome
other
c digitised by l
f Southampton Library Digitisation IJrf
Printed
C 15 )
other df the Drie&ors acquainted Mr. Aijlabie (as he believes at the Treafury) with the
Company’s Defign to lend them upon Stock; that it did not, at firit, arife from the Dire-
ctors, but that it was intimated to them before, or very foon after the Company’s Propo-
fals were laid before the Honfe, by fome of the Treafury, anti on Recollection, the Exa-
minant faid, it was by Mr. Aijlabie , to enable the Company ro carry on their Scheme,
and thereby to raife the Price ot their Stock, the Borrowers being enabled to buy Stock. *
That by the Book of Loans delivered in to this Houfe, it appears that the Sum of
9>°39>936 l- 11 s - w ? s lcnC ci) foetal Perfons on the Security of 1,5153,117 /. 17 s. 5 d.
Stock: And that the further Sum of 2,219,089 l. was lent on the Security ot 773,600 i
Subfcription-Reccipts ; the Money fo lent, and (till remaining due, amounting in the
whole to the Sum of 11,259,025 /. n j.
That by feveral Refolutions of the Court of Directors of the 21ft of April; thp 20th of
May, and the 9th of ‘June I all, for three feveral Loans, it appears that the Sum rcfolved
by them to be lent on Stock from the 21ft of April to the 20Lh of May, was limited to
500,000 /. in the whole, and that not more than 5000 l. fhould be lent to any one Perfon,
and fuch Loan to be only at the Rate of 250 A on too l. Stock ; that from the 20th of
'May to the 9th of 'June, the Rule ot Lending was at the Rate of 300 l. on 100 /. Stock,
and that not more chan 3000 /. fhould be lent to any one Perfon ; and from the 9th of
June, the Rule of Lending was at 400 l. on 100 /. Stock, and chat not more than 4000 1.
Should be lent to any one Perfon.
That ou Examination of the Book of Loans, it appears, that ©n the firft Loan, the
Rules of Lending were greatly exceeded, viz,. That there was lent in the whole 943,631 /.
more than the Sum of 500,000 l. to which the faid Loan was confined. That the Excefs
above 250 /. on 100/. Stock, amounts to 316,740/. and the Excefs above 5000 /. to one
Perfon, amounts in the whole to 779,231 /• That on the fecond Loan the Excefs above
the Rate of 300 /. on ioo /.Stock, amounts to 30,750 /. and the Excefs above 3000 /. to
one Perfon, amounts in the whole ro 169,025 l. And that on the third Loan, the Excefs
above 400 /. on 100 /. Stock, amounts to 59,413 /• and the Excefs above the Rate of 4000
/. to one Perfon, amounts in the whole to 1,447,677/. For the Particulars ot all which
your Committee refer to the Book marked No. IV. in which the fame are diftiuCtly ex-
prefled, and the Refolutions of the General Court, and Court of Dhe&ors, in relation to
Loans, are tranferibed.
That your Committee do not find any Rcfolution, cither of a general Court, or a
Court of Directors, for Lending Money on Subfcription-Reccipts ; bye by the Examinati-
ons whitih th6y have taken, it appears. That Mr. Knight, the late Calhier of the South-fca
Company, and liis TJnder-cafhier and Clerks, by his Directions,. did lend Money on the
Subfcription-ReeeiptSjby verbal Orders from the Pire&ors pf tshe faid Company, and un-
der colour of an Order of a General Court, made the a.iij Q^ApyJl 1.720, to im power the
Court of Directors, from Time to Time, as they fhould fee for the inrereft of thp Com-
pany, to lend any Sum or Sums of the Company’s Money, on the. Company’s prefen t and
to be incrcafod-capital Stock; and to do all filch Matters and Things as they fhould judge
moll for the Good of the Company.
But your Committee find; That by the fecond By-Law of the fa jd Company, relating
to the keeping thp,Cafli.of the Company, it was ordained, That the Cafh of the Corpora-
tion fhoulil,froin Time to Thhe, be kept under Three feveral Locks, with djfl^rent Wards,
the Keys of which to be kept, One by the Cafhier, and the othprTwo by fuch of the
Governor, Sub-Govenior, Deputy-Governor, or Direftors, as the faid Court fhould from.
Time to Time apyojnt, except fucli Sum or Sums as the Court of Directors fhould think
neceil'ary to let remain in the Cuftody of the Cafhier ; and nb Money relating to the
Trade or Affairs of the faid Company fhould be difpofed of, without an Order of the
Did Court of Direftors ; and that the Intereft, and all other Advantages, arifing and
growing upon the Cafh of the faid Company, fhould be brought to the Accompc of the
faid Company; However, it appears that the faid Loans on Subfcriptions Were generally
known, and never objected againit by auy of the Directors in a General Court, Or in any.
Court of Dire&ors.
That on the faid Loans on Stock, the Stock was transferred co-Perfons for that Purpofe
nominated, in the fame manner as if the fame had been abfolutcly fold, without any De-
feazance ou the P^rt of the Company, or of the Perfons to whom the Stogk was tranf.
fitted, for rc-transferring the fame, on Re-payment of the Money ; nor was any Co-
venant or other Security taken, for Re-payment from the Borrowers, except the Stopk
fo transferred; nor doth there appear any DiftinCtion between the laid Transfers on
Loans, and the other Transfers, which were made of Stock abfolatcly pufohafed, on
Account of the Company : Upon which your Committee obfeever, that it was in the
E 2 Pow«
Printed image digitised by4be University of Southampton Library Digitisation Unit
,
( 1 6 )
Power of the Perfons to whom the faid pawned Stock was transferred, to difpofe thereof
at any Time as they thought fit, when the Price of Stock was high;' and to replace the
fame when it fell-
And your Committee do find, that on the ipth Day of October Iaft, the laid Mr. Knight,
to whom the faid pawned Stock was transferred, did, pnrfuanc to an Order of the Court
of Directors, transfer Stock to the Amount of 2,141,8157 /. 17 s. 5 A. to Sir Harcottrt Ma-
fley. Col. Hugh Raymond , Edward Gibbon, and John Gore, Truftees, for that Purpofe nomi-
nated by the Court of Directors, in whofe Names the fame now remains ; but the Sum
is 421, 250/. fhorcof the aforefaid Sum of 2,563,1x7/. 17 s. 5 d. which is mentioned in
the faid Book of Loans to have been pledged for the Security of the Re-payment of the a-
forefaicl Sum of 9,03 9,9 3 6/. 11 .r. from which ic is evident chat the faid Sum of 421,250 /„.
of the Stock mortgaged or pawned on Loans, as aforefaid, has been fold, or odierwife
tlifpofed of, by the 'l’niftecs, or Agents of the South-fen Company ; and rill replaced, can-
not be re-transferred to thofe, by whom the fame was pawned or mortgaged : Upon
which your Committee obferve how cade it was for the Truftees of the Company to have
fold the faid Stock, when it wits at high Prices, and to have replaced the fame again when
ir fell ; for on Examination ic appears, chat there was no diflinft and feparate Accompt
kept of the faid mortgaged and pawned Srock, nor was the fame any Ways diRinguiflicd
from the other Stock of chofe Perfons, to whom -it was at lirft transferred.
That as to the faid Sura of 2,219,087 /. lent on 773,600 /. Subfcription-Reccipts, it
appears by the aforefaid Book of Loans, chat the general Rule of Lending was at the
Rate of 300 l. on 100 /. Subfcriprion-Rcceipts ; bur excluding from the f;ud Loans on
Subfcriptions the two great Loans, rhe one to the Million^Bank, and the other to Tur-
ner and Company, the Loans to the ocher Borrowers will at an Average come out above
300 l. per cent. It appears, chat on rhe firft Subfcription- Receipts, at the Time of the
faid Lending, there was paid in only from 90 l. to 120 /. percent, and on the fecund Sub- .
fcription-Rcceipts generally 40 /. and on fome few 80 /. per cent, but how much more .
there hath been paid, in fince, or whether all the faid Subfcription-Rcceipts, on which
Money was lent, be now remaining in theCullody of any Perlon for the Security of the .
Company, your Commircce cannot at prefent difeover, the Receipts not having been as
yet produced ro them.
That ic appears that 'turner and Company were employed by the Dirc&ors, to lend out
yb,o0o l. on Subfcriptiou- Receipts, and that they accordingly lent 150,000 /. on fuch
Receipts, after the Race of 190 /. percent, on the firft Subfcription, and 40 l. per cent, on
the fecond. But fuch Races being by the faid Directors thought coo low, the laid turner
and Company were ordered to proceed no furcher in difpoling of the remaining Parc of the
faid 50,000 /. and were cold at the fame Time, That by Lending at fuch low Rates on
Subfcriptions, they were ruining the Stock. And ic alio appears, that Mr. Knight did
jfliie a confidcrablc Sum to be difpofed of by Brokers, tor the Rclufal of South-fea Stock
at certain Times, at very high Prices ; and likewife, that on the Dcclenlion of the Price
of the Stock, large Sums were ilfued to purchafc Stock on Account of the Company, at
very high Prices ; and Part of the Srock then bought appears to have belonged to fome
of the Dite&ors of the faid Company. And although your Committee are not yet
prepared to fet this Marter in a full Light ; they cannot but obferve, that the laid
Directors, in-all their Proceedings in the Execution of their Scheme, appear to have had
chiefly in View the railing and fupporting the imaginary Value of the Stock, ac an ex-
travagant and high Price, for the Benefit of thcmfclves, and thofe who were in the foccet
with them.
That as to the aforefaid Loans on Subfcription-Aeceipts, it appears there were no De-
feazances executed by thofe with whom the Receipts were depolited, for a Re-delivery of
the fame, on Repayment of the Money, nor any Security given by the Borrowers, be-
fides the Receipts by them fo delivered; nor doth any Thing clfe appear .to diftinguilH
the Receipts fo pledged, from fuch Receipts as were, or might have been abfolutely fold,
to the Company ; for all the faid Receipts were made out in one Name, vix. Jofeph ;
Sajford, and by his Intlorlement the Bearer became intituled to the Property thereof i;
Upon wKMt your Comhntucc oblervc, the Security of the Company, as ro die Money
lent on tiic faid Subfcription-Reccipts, is more precarious than the Loans on Stock; for
by the Transfer-Book it might appear by whom fuch Stock was transferred ; but it hath
not yet appeared to your Committee, that any Books have been kept, or Entries made, of
the Names of the Perfons ro whom fuch Loans have been made on Subfcription-Rcceipts :
And y our Corami tree do farther obferve, That it was in the Power of the Perfons with
whom fuch Sublcription-Receipts were depolited, to fell the fame at high Prices, and toi
replace them again when the Price fell. And upon the whole, ic doth appear to youc
Committee
PrinLei} image digitised by die University of Snulhamplmi Library Digitisation Unit
( j
Committee, that the faid Loans on Stock and on Snbfcriptions have been managed wit!}
the utmoft Negligent^, with refpedt to the Intereftof the Company, and were contrived
for the raifing and keeping up the Price of Stock at an extravagant Flcight.
Before your Committee concludes this Report, they think it proper to obrerve That
it has appeared to diem throughout .their Examination, that Me. Knight , Cafliicr of the
South Sea Company, was £riiiclpally concerned in their inoft fecret Transactions. And
your Committee have been informed by Sir ■Theodore JdnjJen, fcon after Mr. Knight’s
withdrawing himfelf, That upon his prefling Mr. Knight , two or three Days before he
went away, to make a Difcovery of whatfoever lie knew relating to the whole Proceed-
ings : Mr. Knight anfwered, That if he fhould dilclole all he knew, it would open luch a
Scene as the World would be furprized at.
Your Committee having lii^dc. tliis Progrefs ia their Inquiry, have cllbugl\c thernfelves
obliged to lay this Report before the Houfe ; and will proceed in their farther Examina-
tion of the Matters referred to them with the utmoft Diligence.
APPENDIX. N°. I.
In the Cajh-Book, at Folio. (120.)
To South-Sea Stock, fold to Sundry, viz.
Pel. 4. 36000 at 1 jo 5 per Cent. 54000
27. 113000 175 19775°
Mar. 4. 12000 176 21120
7. io6ooq- ,i§o . — r- . T— 1510300
9. 1 1000 i 82 ' — 20020
12. 13000 184 23920
14. 7000 185 12950
16. 3000 190 - 57°°
18. 2000 195 39°°
19. 20000 200 40000
21. 68000 250— _____ 170000
21. xoooo 255 25500
2 i. "6006 260 __ 15660'
21. 4000 265 10600
22. 10000 270 27000
22.' 2000 Ayr , . »■ 5420
22. IOOO 272- 2 7 ?°
.Total 424000 South-fea S^Qck 827000
At folio 121.
March 30.' To South-fea Stock, foiA 1
1720. 15000 I. fold at 305, l
toanfwer the 1700 k %. 45750
per Am. on tlic other i
Side _ _ )
Note, The 1700 1 . on the Credit-fide, is
thus entred.
By Annuities for 99 Years, bought of
the Duke of Portland, Lord De la Ware, and
Honourable John Weft Efq; 1 700 1 . per Am:
at 27 Years, 45000 i. with Intereft from
Cbriflmafs to Lady-Day, 425 k the fame being
fubferibed into the Capital-ftock ..of the
South-fea Company, in the Name of Robert
Surman, in Trtift for the Company.
. April 12.'
To South-fea Stock, fold to Sundry, viz:
Mar, 22.
Ditto
10000
273
191 10
27000
Ditto
21000
270
275
2 3 *
Ditto
,9000
276
278
280
285
310
315
t”s' 50
-44°
Ditto
G o’°
Ditto
365OO
-y.vj'jf.
Ditto
25.
3000
2000
104025
93 °°
6300
2 6.
3000
320
*9600
Ditto
29.
Ditto
IOOO
1000
2500
325
303
3 °S
•
3 ? 5 °
3030
April 9.
Ditto
Ditto
6000
285
289
284
2895
17100
5000'
’2060
I4450
5680
2895
II.
IOOO
Ditto
Ditto
1 2.
5000
5000
3.°°
300
IJOOO
. °°°
13550#
. ..arr.
APPENDIX.'
Printed image digitised by the University of Southampton Library Digitisation Unit
( i8 )
APPENDIX N°. II.
In the Stock Leidger SBook, F. commencing
Z'jth of December, 1719.
A. A. 1
Charles StaHgape Efq; Debtor. Per Contra Creditor.
W. 99 -
172°.
June nth, ToCafli, tor
22000 South Sea ,
Robert Knight, and
Surmatis Order,
To ditto 28000 ditto toj.l 1Q
Stokes’s Accompt, J }\
fory
&
1720.
June 24th. By Ballance for 50000 >
South Sea , carried to No. G. >375000
Fo. 62. J>
5QQQO
la the Index, or Alphabet, of the faid Stock Leidger F.
S.
Cha. Stanhope pp.
In the Stock Leidger, G. commencing
the 24 th of June, 1710.
B.
Charles Stangape Efq; Debtor.
B.
Per Contra.
Creditor.
6 %
5720 .June 24. To Ballance 01O 1720. Novem. 4. By J. Sawbridge^i
5 0000 South Sea, from T.C. and >3 750 00 and Co. for 55000 South Sea, >375000
Co. Fo. pp. 3 to their Accompt, Fol. 7. 3
r Atigi ao.To Midfummer Dividend 5000 ditto.
55000
In the Indcxj or Alphabet, of the faid Stock, Leidger,' (?.’
S.
Stanhope , Char. Efqj
PrinLod image digitised by the University
of Soul Hampton library Digitisation UniL
%
In the Stock Lcidger, G. at FoL “j.
B. ' B.
FoL 7.
Jacob Sawbridge and Com; Debtor. Per Contra Creditofi
1720. I 720.
Novem. 4. ToC. Stangape tot jjooo-,
Smlf-fa, fam-FoL 61. |
In the General, or Clearing Book, Fol. no.
C. C.
Saturday , nth June, 1720.
By general Accompt of Stock, per Chari
Stangape, E%
T o general Accompt Stock ■ per ~y 2800c S. Sm adjulled ynd&tekes 1 7 27 7 o V
rfo r S».,b-f'a,ii-<i 7 * 77 o "'I
juiced with C. Stangape. J> 10000 Ditto to R. Knight, full >, 7 .
1 ~ a ).202230 j 5 '-
Note 4th June.
1000© Ditto to Ditto , full 45000
Note 18th April.
^>202230
J If
John Maddey , Calhier to_Tiwwr-#nd Company faid, Tha$ the Entries in the General*
or Clearing Book, Lettef~ (€7 at Fol. no. via u. • _ i —
1000 South-fea to Robert Surman , debit full Note, 27 April.
10000 Ditto to R. Knight , full Note 4th June.
10000 Ditto to Ditto, full 49,000 Note 18 April.
did import, That the Perfon named there Charles Stangape , did deliver to Turner and Com-
f >any, the feveral Notes of Robert Surman and Robert Knight , for (he Delivery of thole re-
pedtive Parcels of South-fea Stock to him, which Notes Turner and Company accepted as
fo much Stock transferred to them, by which they could have the fame upon the faid
Notes. -
Robert Surman alfo did confefs, That thofe Entries did import, and might be under-
flood as explained above by John Maddey ; this Examinant and Mr. Knight having ufed
to fubferibe and deliver out fuch Notes, for South fen Stock to be accordingly delivered ;
but faid, Thac fitch Entries might likewife imply, That the Perlon named Charles Stangape
had Notes for Stock to that Value, given by Turner and Company to the Examinant, and
to Robert Knight, for Value received in Money from Surman and Knight ; which fort of
Notes Mr. Knight frequently accepted from Turner and Company, and delivered out a<3
Stock, inftcad ol nuking aftual Transfers.
F 2
in
Printed image digitised by the •University of Southampton Library Digitisation Unit
{ 20 }
In the Stock Leidger, F. at Fol. E&
D. D.
ISi
fofeph Stokes Debtor. Per Contra Creditor.
South Sea adjujlpd.
17201 1720.
'•June i:. By Ditto 28000 Ditto Dittol . .
with Stanhope i72£>3oj
In the Cajh Note Leidger, Fol. 198. and 199.
E.
E.
2518 NdteSj nth June, 1720! - - 945 Charles Stanhope - - 202230
z 99 ~ - - - 952 Charles Stanhope - - 4777a
/» r/ie Book , at Fol. 100,
F.
• cent
loo
. Saturday nth 1720. 1
94 $ To Charles Stanhope - - 202230
5152 To Charles Stanhope, R. Surman 47770
John Mount, another Cafhier of 'Turner and Company, faid, that the Entries in the Note
Book, Letter (F.) at Fol. (too.) to Charles Stanhope, R. Surman, 47770 /, did import, that
the faid Sum of 47770/. was written off the drawing Accompt of Mr. Surman, of Cafh
kept with Turner and Company, and did fo appear by tiie Drawing Cafli Leidger, Letter
( 1 ) at FqJ. 758.
tit
Printed image digilisedby die University of Southampton library Digitisation Unit
'( « y
/w fie Note-Book, Commencing l 6 th of April lyzoi
-Aiarked -£r "G.
fol.
G.
. • *. v-v,
, — • -
i !
G,
Monday the 12th of December, 1720.'
77 By Charles Stanhope, 1 1 th < June~^ 2Q 2 , , ^
77 JPyU/tto -n^Ditto ^'l~- 47770
: -Jn_ the Cap J&otf Leidgey^ in- the -Account of Notes
ffii- out-ftanding- on~the 15'tli of, June, iyzo.
fit
77 . ~«u-
.JDfeember 12. -C. 70 ■' : 202230 J«H£II. 94 5_ Charles. ftnnhape 202230
^X)^mbcr 12. C. 'to l ^7770 _ 952. ciitolev.&tanbope 4777°
: -In tbe-'-DrdpnngCtiflj Letjger, atjsfi'sitf.
758 - s- -.7 ; i -i
Dr. - - - Rokfik furman.1 : - - ■ Cri
I720; ■; ' V * .
?«»« n. To J. S. — •*, 47770-
/» Drawing Cajb Leidger , Fol.
K K.
1720.
Sir C wrg- r Ca/ »<a#, and Comp. Dr. Pur Contra-
ct.
>. a.
04 OI,
Dr. TW-m'jCa/ru.a#, and Comp; Cr.
1720.
December 12. To old Notes at iotS 25000a
G APPENDIX}
Printed image digitised by the University of Southampton Li brary Digitisation Unit
( ii )
APPENDIX. N°. Ill
Debtor, The Eight Honourable John diflabie, Efq;
January 30th To . bought:
a
5000
■2
at
150
-•
■ i
6500
bought
-
-
14000
at
130
-
-
18235
bought
*
-
100®
-
at
130 10
-
-
1305
February 10th
■ bought
-
-
6000
at
I 74-
-
-
10440
bought
-
-
4000
-
at
m~
-
-
6p20
12.
Hawes per Surman
20000
-
at
130
-
1-
26000
March
2.
bought
-
i.
iooo
- .
at
175 .
-
.. ...4
1750
bought
-
2000
-
at
175 10
-
3510
bought
-
-
2000‘
■ -
at
177
-
-
3540
bought
-
-
IOOO
-
at
178
-
-
1780 —
bought
-
-
2000
-
at
178 10
-
••
3570
bought
-
-
1000
' -
at
178 IQ
*
1785
bought
-
-
4000.
at
I77
-
-
708 o_
bought
-
-
IOOO
-
at
17*110
-
-
*75 5^.
bought
-
-
3000
-
at
I76 IO
-
-
5*95
bought
-
-
IOOO
-
at
174 ?5
-
-
1747.
bought
- .
-
IOOO'
at
-n 7 ' "
-
-
1770
bought
-
-
IOOO
-
at
177 10
-
-
*775;
1720.
„
April
25 th.
bought
-
-
2000.
s.
at
-348” ,
<59*60
bought
-
-
IOOO
-
at
349 10
-
_
3495
June
2 1 ft.
bought
"
-
40oq_
— " -
air 760
- -
30400
77000
45612 10
Ter
Printed image digilised by llie University of SnulhampUm Library Digitisation Unit
Ter contra
CreditoS
1719-
February ad.
14 .
March 4.
By foid -
Singleton -
Knight -
/.
- 10000 -
- 30000 -
- 20000 -
/.
at 132 -
at
at -
l ii
r - 3 13200
- - - 39212 10
3 - = 3 J 357
1720.
'April 4.
20.
June 22;
Sword Blades
Sold -
Sold -
Hawes - r
- 10000 -
- 2000 -
- IOOO -
- 4OOO -
at 180 -
at 342 -
at 341 -
at 7<So -
3 3 - 18000
- 3 6840
- - 34 10
z 30400
77000
146420
Mattb. Wjmonfold.
The End of the Firjl Report.
Printed" image digitised by the University of Southampton Library Digitisation Unit
Aft
Primed image digitised hv llie University ef Snulhaniploiri .ibniry Digitisation Unit
( 15 )
$
REPORT
Numb. II.
T H E Committee of Secrecy appointed to enquire into all the Proceedings relating
to the Execution of the Aft palled the lafl Seffion of Parliament, (Intitlcd An
A'tl jot enabling the South-lea Company to increa fe their prefent Capital Stock and
Fia.u, by redeeming fuch Pub/ick Debts and Incumbrances as are therein-mentioned, and forraifng
Money to be applied for teffening fever al of the Publick Debts and Incumbrances, and for. aiding
in the prefent Exchequer Bills remaining uncanceffed, and for making forth new Biffs in lieu
there f, to be circulated and exchanged upon Demand, at, or near the Exchequer j) have made
fomc farther Progrefs in the Examination of the Matters referr’d to them.
Upon the Examination of Mr. Matthew Wjmondfld , Broker, and of John Falconbridge
his Book- Keepe r, touching t(ie Particulars of Stock bought by Wymondfold, for Ja/m Aiflabit 1
• Efq; late Chancellor of the Exchequer, fpeeify’d in the Accompt annexed to the former
Report of your Committee ; it appears, that amongft other great Sums in Stock bought
by Wymondfold, on Mr. Aiflabie\ Accompr, the Sum of 20,000 l. South fea. Srock, was
on the 1 2th of February 1719, delivered to Mr. Wymondfold, by Mr. Robert Surman, then
'Depucy-Cafhier of the South-fea Company, by Order of Mr. Hawes, at the Rate of 150/.
-ftr cent, for the Ufe of Mr. Aiflabie, which is about 40 l.per cent, below the Market-Price,
Tfc appears by the Accompt of Stock fold, kid before this Houle.
- - Upon this your Committee fene for Mr. Hawes, and examined him 51s to this 20,000 1 .
He faid, he remembers tUa.t~M*r Wymondfold upply’d to him- for this io,oaa L Stock j and
the Examinant told him, 7 ’hat he had no Orders for the delivering fuch Stock 1 But the
'Examinant could not remember, whether he went to Mr. Aiflabie, and had his Direftions
to fend Mr, ■ Wymondfold to Mr .Surman, or whether he. (the Examinant) did not tell
Mr. Wymondfbld ro go to Mr. Surman foe it-# but that if he did fend him to Mr. Surman,
he had Mr. Aiflabie’ s Direftions for that Pur-pofe.
John Falconbridge informed, -your Committee, That on' the 9th of Ftbrua*jLl?iSL he
~diu take in tfae^afd 20,000 l. Stock of Mr. Surman, for Mr. Aiflabie’ & Ufe,__ap 130 l. per
-cefffr-and that the Examinant, on the 12th of the faid Month, wroteofFthisStockfco.nl
Mr. Surman’s to Mr. Aiflabie* s Accompt; but your Committee examining Mr. Surmad
as to this Matter, he faid, he did not remember his transferring the faid Stock ; but (aid*
that he had a g.eat Quantity of Stock in his Name, in Truft for Mr. Knight , and traof*
ferred the fame on venial Orders only ; and that this 20,000 /. (if it vfi& transferred) was
•transferred by- Mr. Knight ’» Direftions.
Your Committee alfo found, on the Examination of the faid Mr. Wymondfold, zndy.cJm
Falconbridge-, that fevera! Parcels of South-fea .Stock, amounting to 20,000 A Stock, were
bought by Mr. Wymondfold for Mr. Aiflabie, on the ift.of March 1719, at feveral Prices
amounting in the Whole to 3 5, 357 A 10 *■ And that Mr. Knight , late Cafhier of the
South-fea Company, paid the Examinant the Money for fuch Stock, and placed the fame
to Mr. Aiflabie’ s Accompr. Mr. Wymondfold produced to your Committee a Letter from
Mr. Aiflabie to him, dared the iftof March 1719, whereby he direfts Mr. Wymondfold \
to buy this ao, 000 A Srock; and adds. That he would defirc Mr. Knight topay hitti
,ihc Mon?y for the laid Stock; which Letter, the Examinant faid, is of the Hand- Writing
of Ml- Aiflabie^ and w M receiv’d by the Examinant on the faid ift of March ; and the
Examinant returned an Anfwer to Mr. Aiflabie the fame Day. That on the 4th of March
laft, Mr. Knight adjufted the faid Stock with the Examinant, who delivered the Srock to
Mr. Knight, for the Ufe of Mr. Aiflabie , and Mr. Knight paid the Examinant the Money
foe fuch Stock. H
yohn
Printed image digitised toy the University of Southampton Library Digitisation Unit
■ ( *p ) )
John Falconbridge (who was concerned in entring and making out the Accompts kept
of this Stock) being examined, faid, That about a Fortnight lince, and after Mr. Wy-
mondf old's firft' Examination before the Houfe of Peers, and his delivering in an Accompt
of Stock bought for Mr. Aijlabie, to your: Committee ; Mr. Aijlabie requiring the Parti-
culars of the Stock bought and fold fof him by Mr. Wymoniijold, the Examinant, by
Mr. WymonelJ old’s Directions, attended Mr. Aijlabie with the Particulars thereof : That
Mr. Aijlabie then objected againft the faid 20,000 /.Stock bought the iftof March, and
with Execrations not fit to be repeated, declared, he knew nothing of it ; and bid the
Examinant tell Mr. Wymondfold , 'That he ( Mr. Aillabie) imjt declare the fame upon Oath at
the Bar of the Houfe. The Examinant then told him, That he happened to object againft
an Article, which was the plained: in his Accompt ; for that this very 20,000/. Stock was
taken in for him, and paid for by Mr. Knight ; and that the Examinant had fhewn the
fame Article to Mr. Waller (Mr. Aijlabies Son-in-Law) in an Accompt made up and
fettled with Mr. Knight long lince, which Mr. Waller (who was then ptefent) faid was
true; and the Examinant the next Day attending Mr. Aijlabie with an Explanation of
the Accompt ; on fight of it, Mr. Aifiabie cxprcls’d himiclf thus, viz,. Ay, This makes
it plainer ; now 1 can recolleEl fomething of it.
The faid Mr. Wymondfola further informed your Committee, That there were Dealings
between Mr. Aifiabie and Mr. Knight ; and that the Examinant had feen a green Book in
Mr. Knight's Cuftody, -wherein tlie Accompt of Mr. Aifiabie was kept; which green
Book your Committee apprehended to be the fame Book mentioned in the-Examination of
Mr. Summit, taken Notice of in their former Report.
Mr. Hawes further acquainted your Committee, That he had Dealings in Stock with
Mr. Aifiabie for a confiderable Time, and kept an Accompt of the fame in a Book, of
which Mr. Aijlabie had a Duplicate. That the Accompts in the faid Books were continued
till feme Time in November laft ; and that upon every Adjuftment, Mr. Aijlabie and the
-Exdminant ufually figned each others Books ; that (amongft others Things) the faid Books
.contained Accompts of Quantities of South-fea Stock bought and fold by the Examinant
for Mr. Aijlabie. That lome Time in November laft, the Accompts were finally fettled
andadjufted between chem ; and thereupon the Examinant was ordered by Mr. Aifiabie ,
to bring the Book, which the Examinant kept, to Mr. Aifiabie , which he accordingly did ;
and then Mr. Aifiabie delired to have it delivered up to him ; which at firft the Exami-
nant was unwilling to do, faying, That he ought to keep it for his own Jollification:
.But Mr. Aifiabie told him, That the Accompt being then made up between them, he
would have the Book up, that no Body elfe might fee it. And Mr. Aifiabie gave the Ex-
aminant a Receipt in full of all Demands, and the Examinant deliver'd him the Book.
Mr. Hawes further faid. That: he never was defired fo to do, or ever did the like to any
Perfon with whom he had Dealings of this Nature.
Your Committee have been intormed'by Robert Surman , That fevcral Sums of Money
were paid out of the Company’s Calh, to John Aifiabie Efq;-and by the Book of Draughts
.kept by the South-fea Company, and the Bank ; and alfo by the (aid Mr. Surman s Exa-
mination, your Committee find, That on the 18 th of April 1720, a Bill for 27,3 7s 1 . 19 s.
6 d. was drawn by Mr. Knight, then Cafhicr of the South-fea Company, upon the Bank of
England, payable to the faid Mr. Aifiabie, and the Entry of that Bill in the Cafti Draught-
Book, has been fince razed by Mr. Knights Direction, who told Mr. Surman, that he had
taken that Bill back again in Payment ( as the Eaminant believ’d ) from Mr. Aijlabie. That
a Bill for the further Sum of 6000 /. was drawn the nth of June 1720, and paid by the
Bank, out of the Calh kept there, in the Name of the South-fea Company, to Air. Aijlabie
on the 10th of September laft ; and the Sums of 4700 /. and 8(> /. were in likc Manner
drawn the 20th of September laft, and paid to the faid Mr. Aifiabie on the firft o (OBober
■ following.
Your Committee are ftill proceeding upon the Matters referr’d to them, in Order to
lay the fame before the Houfe.
fj
REPORT
Printed image digitised by lit u University of Southampton library Digitisation Unit
t 17 >
REPORT
«889W«W####»###MW8#9W*999#«898##M»d
Numb. III.
T 'H E Committee q( Secrecy appointed to enquire into all the Proceedings relating
to the Execution of an Aft pafled the lalt Seifions of Parliament, ( encjtulcd, An
All for enabling the South Sea Company to iucreafe their prejtnt 'Capital Stock, and
Fund , by redeeming Stick publick Debts and Incumbrances its are therein mentioned, and jor raifiug
Money to be applied for lejfening federal of the pub lick Debts and Incumbrances , and for calling in
tbeprefent Exchequer Bills remaining uncancelled, and for making forth new Bills in lieu thereof,
to be circulated and exchanged upon Demand, at or near the Exchequer ;) have proceeded farther
in the Examination of the Matters referr’d to them: And obferving, That upon their
former Reports, it was thought proper that the Examinations referred to by your Com-
rhittee, fhould be laid before the Houfe, and levcral other Matters appealing to yout
Committee fit for the Confidcration of the Houfe, your Committee report the fame in.
the Words of the Examinations themfclves, and according to the Papers laid before yout
Committee.
Your Committee, in a former Report, acquainted the Houfe, that the Indifpofition of
Edmund Waller Efq; had prevented their laying before the Houfe in that Report a more
particular Accompt relating to the Sum of 794,451 /. 15. s. 9. d. received and paid by
‘Sumer and Company upon the Accompt of the faid Mr. Waller, between the 28 th of
Marsh 17x9, and the 2 iff of November following ; and having fince, viz,, on the 2id of
March 1720, examined Mr. Waller, he faith, That he did from Time to Time fettle Ac-
compts with Mr. Aiflabie (his Father in Law) of his Tranfaftions in Money and Stopk
for him, and has not any Accompt thereof; that he did keep fome Memorandums of his:
faid Tranfaftions in a Book, which Book he has fince torn, but fays he did keep a Copy,
of his Accompts with the Sword-Blade Company ; that he has from Time to Time de-
ftroyfcdall his Papers and Memorandums relating to his Tranfaftions for Mr. Aiflabie
and fays, he cannot tell what Dealings he has had in Stock for Mr. Aiflabie, but that fat
thegreaceft Parc of his Tranfaftions in Stock were upon his- own Accompt ; that 44000 l.
Part of the Ballante of 77000 /. due from the Sword-Blade Company, is the Examinant’s
own Money, and.the rdmainin^^JSoo l. belongs to Mr. Aiflabie Being asked. Whether
at the Time of his beginning to deal in Stock, he was poflclTed of a confiderable Sum
of Money of his own, he refufed to anfwer, alledging it was his own private
Concern.
Your Committed afterwards receiv’d a Letter from the faid Mr .Wader, dated the
19th of April inftant, wherein he-defires to be again examined, to clear up any Miftakes
(if there were any) in his former Examination, and to give the Committee the beft Informa-
tion he could. Whereupon yonr Committee did take his further- Examination, which, is.
as follows. He fays. That in February or March 1719, when he began to deal in Stock, 1
he had of the Money of his Mother, his Brother, his own, and his Wife’s Fortune about
the Sum of 20000 l. of which his' Wife’s' Fortune was 5000 /. which he had in Bank.
Notes ; that he imployed the faid 20000 l. in buying Stock.
That he cannot tell how much- of this 2600b l. was his own' Money.
That he never kept any Accompt in writing of chat Part of the faid 20000 /. tf'hicfi
belonged to his Mother and Brother, but that he has told them what, belonged to-
them. . . - ; - '•/
That hisMother and Brother gave him Leave to inlploy their Money, in Stock,; but her
r had any Order in Writing from then! for that Purpofe, but has paid them fcvcral .
s of Money upOn Accompt' thereof, and never took ’any. Receipr,';Order, oc Other i
never h
Sums c
Writing from them cpncerning the fame ; that he- has 4 tfo transferred fome BaPk.-Stock tpi
his itocher.' 3 . - *;'•* ' «'•; UwsuC ,i t A -■jju-Ii #= u :i :i
fc-v Hi:.’ f./.. .• ., 3-J0 . .1 - .i j unjjjAv ,*jl 1 -j :i\i ixfyy.s'ff't&tS
Printed image digitised by the University of Southampton Library Digitisation Unit
f )
That the tearing of his Books mention’d in his former Examination^ was at fvml
tTimes, thelaftof which was about the 22d of Augufi 1720.
And your Committee inform the Houfe, That the faid Mr. Waller, upon his faid for-
ther Examination, did declare. That there was not in the faid Book any Article rein. mg
to Mr. Aiflabie ; but this appearing to be in dircdt Contradiction to what he had f.iiu in
his firft Examination, your Committee did not infert the fame in this fubfequenc Exam.-
nation, figned by the faid Mr. Waller, but think it proper to reprefent this Matter to the
Houfe.
Your Committee having, in a former Report, taken notice, that James Craggs Sen. Efq;
had 30000 l. South Sea Stock taken in for him, or his Friends, they fent for an Aceompt
of Transfers made to the faid Mr. Craggs, which was accordingly laid before them, a
Copy of which Accompt is hereunto annexed in the Appendix N°* I. by which your Com-
mittee find, That (amongft other great Sums) there was on the 28th of March 1 720,
a Sum of 30000 1 . Stock transferred by Mr. Jacob Sawbridge (one of the Partners of Turner
and Company ) to the faid Mr. James Craggs.
And your Committee proceeded to examine the following Pprfons concerning the faid
Transfers.
Mr. Jacob Sawbridge (late one of the Dire&ors of the South Sea Company, and a Part-
ner with Turner and Company) fays. That in the beginning of February 1719, by Or-
der of Mr. Robert Knight, lare Cafhicr of the South Sea Company, or Mr. Robert Stirman
his Deputy, Turner and Company rook in 30000 /. South Sea Stock, and gave Mr. Knight, or
Mr. Surman , a Note for the fame, at which Time Mr. Knight paid in to Turner and Compa-
ny 67,020 l.is.S d. upon the general Cafli Accompt between the faid Turner and Company,
and Knight or Surman as Calhier of the South Sea Company ; and that on the a8ch of
March following, the Examinant, by Order of 'the faid Knight or Surman, transferr’d
the fame Stock to James Craggs Senior Efq; deceas’d, without receiving any Money,
or other Confiderfttion from him for the fame, and at the fame Time took up his faid
Note, and believes it was put upon the File, as other Notes ufually are. That he did
by the Direftion of this Committee, the Night before this Examination (which was on
the 19th of April Inftant) fearch upon the File, and not finding it there, lie went to Sic
George Cafwal to enquire after the faid Note, and acquainted him, that on fearcliing for
the Note on the File, he could not find it there ; whereupon Sir George told the Exami-
nant, That hehimfclf had the Note not long ago, and believed it was in his Scrutore,
and accordingly fent his Lady to fearch for it, who returned whilft this Examinant was
there, and (as the Examinant believes) brought feveral Papers ; upon which Sir Geone
Cafwal told the Examinant, he would look for the Note, and fend ic to him the then next
Morning, before he attended the Committee, if he could find it; but the Examinant
faid, he had not then received it, nor had heard from Sir George Cafwal.
Hereupon your Committee fent for Sir George Cafwal, who being examin’d, fays, That
about fix Weeks fince, James Craggs Senior, Efq; the Poft-Maltcr, defir’d the Exami-
nant to. look upon the Files of Turner and Company for a Note for the Delivery of
30,000 1 . South Sea Stock, which had been figned by Jacob Sawbridge (another of the
Partners of Turner and Company, on Accompt of himfelf and Company) in thefe Words
or to this EtFcdt. _ *
“ 1 ptomife to deliver to Robert Knight , or his Order, or Bearer, 30,000 1 . South Sea
u Stock for Value receiv’d; and, (as he believes) was dated the 6th Day of February
1719, which Note was cancell’d, the Stock therein mention’d having been transferrd
to die faid Mr. Craggs, according to the Import of the laid Note. That the Exami-
nant did delire the Servants of Turner and Company to look out this Note, which they
accordingly did, and found it cancell’d, and on the File, and gave it to the Examinant
who delivered it to Mr. Craggs, fuppofing he would only have read and returned it •
but he kept it, faying, It might be of fome Ufe to him upon an Occafion, upon which
the Examinant left ic with him. That Mr. Craggs, nor any Body by his Order ever'
return’d this Note to the Examinant, nor has the Examinant fecn it, till the Morning
on which he was examin’d; that as he was coming, the Morning he was examin’d .to
attend the Committee to be examin’d, about Somerfet- Houfe Brigadier Richards called
out to the Coach, which flopp’d, and he came to the Coach Side, and Mr. Huggins
with him, and Mr. Huggins then {hewed the Examinant the faid Note, with other Pa-
pers annexed to it ; bitr what thofe Papers were, the Examinant does not know; where-
upon Mr. Huggins faid, .That he did not know but the Examinant might be asked
fomethmg about that Note : And there it was that the Examinant very well remem-
bers it to be the fame Note which lie had before delivered to Mr. Craggs as afore/aid-
it being figned by Mr. Sawbridge, and the Body of the Note of the Hand- writing of
Wc. Knight} that Mr. Huggins then took the Note out of the Examinants Hand, and
gave
miploTi Library Digitisation Unit
Printed image digitised by the University of Snulha
( *9 'i
£ave it ro Brigadier Richards, *nd told the Exafaiinant, that lit rhigbtttll the Commit-
tee, that the Brigadier had it, and would produce it ; that two or three Days ago Mr.
5 awbridge enquired of him where this Note was, and he not then recolle&ing whether
it was in his Cuftody or no, did give Directions to his Wife tofearch foritin hisScru-
toie, and found that he had it not; and fays, That he knows nothing of his own Know-
ledge of the Tranfa&ion of this 50,000 /. Stock.
The faid Mr. Surman being examined, fays. That it appears by the Books of Turner^
C/ifwal, and Company, that from the Beginning of February 1719, to the 7th of March
following, there was an Accompc kept by them in the Examinants Name of fundry Par-
cels of South-Jta Stock, amounting to 125,000 l. Stock for the Ufe, and upon the Ac-
count of Mr. Knight, which Accompt he believes to be true.
That by this Accompc it appears, chat upon the 5th of February 17x9, Mr. Knight
paid to the fad Turner and Company, the Sum of 67,020 L 1 s 8 d. which he believes
might be accordingly paid out of the Cafli of the South-fea Company ; and at the fame
Time Mr. Knight received from Turner and Company, a promiuory Note, to transfer -
•50,000 /. South-Jea Stock Value received.
That James Craggs Efq; of the Pejl-Office, fenc for the Examinant about fix Weeks
ago, and (as he believes) alter Mr. Craggs had been examined before this Committee ;
and cold him, he believ’d that he (the Examinant) would be examined in Relation to
30,000 /. Stock, which he (Mr. Craggs) had of Mr. Knight ; and he then produced an Ac-
tompt between him /elf and Mr. Knight, of South-Jea Stock bought or taken in for him;
b> which it -appeared, that he was ro have upon Ballance of Mr. Knight, 30,000 /. South-
Jta Stock ; for which Mr. Knight, inftead of making al'ransfer hiinfdf, gave him a Note
l iTuer ihe Hand of Jacob Sawbridge, to transfer 30,000 /. Stock, Value receiv’d, which
hu.c Mi. Ciagg • fhew’d him canceled, and (as the Examinant Believes) he had iincc this
Ei quin began, got it from Sasubridge, which is not cuflomary, Notes being always, when
tiilcharg’u, delivu’d up to die Ptrlor, under whofe Hand they are, and fhould remain
.ay ith them as Vouchers. 1?
■ The Examinant fays, He verily believes the faid Note of 30,000 /. (hewn him by
.Mr. Craggs, was the fame Note which Mr. Knight receiv’d from Turner and Company,
upon his paying them the before- mentioned Sum of 67,020 l. 1 s. 8. d.
That during the Time that the Propofals of the. -South fed Company; and the Bill
thereto relating, was depending in Parliament, he obferved the faid- Mr. Craggs more fre-
•qiencly with Mr .Knight, than any Body cl fe ; and* believes he influehced Mr. Knight
iu many .'Things relating to Stock and Subfcriptions. •
Th^i.-Mr., CruggtTicver mentioned this 30,000/. Stock to the Examinant, tillfince the
"faid Mi Craggs’ s Examination before the Committee.
He fays, .He had not any Dealings with Mr. Craggs upon his own Account, but that
■fuch Transfers of Stock, as he has made to Mr. Craggs, were made by Mr. Knights Di-
rednons ; and particularly a Sum of 4000/. Stock cransfcrr’-d the 4th of March 17x9, (be-
ing Part of tne Sums mentioned in the faid Appendix, N 0 . 1.) that he does nocknow that
Mr. Craggs paid any Matey for this Stock ; and whether it was Mr. Knight's or the Com-
pany’s Stock, the Examinaut.caunor iwdl..
Sir John Blupt heityg. examined, fays. That ke was noc privy fo-any. of Mr. Crpggs’s
Tranfa&icris, but has : very often lien him at '-Mr, Kuigfns. As r6 rife 30,00a !: Stock
menrioned in the Accompt now produced to him, and faid to be tr-ansferr’d to Mr. Craggs,
by Mr. Sa-wbrtdge, he /ays, He can give no Account thereof,-?^ ve that he believes, it
js the fame Sum, mentioned in his former Examination, to be held for the laid Mr. Craggs.
That he believes the faid 30,000 l. Stock was bought by Mr. Knight, the 8th Day of
February 1 71 9, upon his own Accompt, and is not charged to be /old by the Company,
■ till the 27th of February; which is the Time that Mr.Gagfx delircd that;Qnantity of Stock,
(as the Examinant has fa id iu his former Examination) from which Tlttie, till the 28th of
Marth following, he believes it was held by the South-fea Compaiiy,- for the Bench trof
Mr. Craggs, to whom it appears to be transferred by Mr. Sawbridge; on the faid 28th of
March. That Savsbridge and Com piny weit common Names made Ufe of by feveral
Pei foils. as Truftces, tosohceal the true Buyers Or Sellers of South-fea Stock.
Mr.' James Gramme*. being examined, as to the Sdra of 2000 l. South-fea Stock; trail f-
.ferred by him ro James Craggs Setw E/q. on the 4th of February 1719., he fays, ••’That tie
did on the. 3d or 4th. i>£ February J719, fell 2000 I, South-fea Stocky ffod that Sir George
Cafwal paid hhn the Money for it :/ That upon Jn/pfdtien of the f rarttfer-Bboks-of the
-South-fea Company, , da the Day of his. E*ami nation (being the x^tTi oF^A'Mtmt^he
ijndsthat.hetrar.ferjed-thei'faid 2000 /. Stock to Mr. Craggs. •» 1
Xour CommittQC.fkreher rcprefe&t to the Hbde,That-t-hey«H^ dfleovered rfeat tlfe,Taid
Mr. Craggs had very confiderable Dealings in South-fea Stock wi t bMf. Matt bed ffijihond-
{&& a Broker, between the 30th of January 1719, and the 30th of May following,
amounting to 45,000 l. Stock ; an Account whereof, as the fame has been delivered to
your Committee, by the faid Mr. IVymondfold , is hereunto annexed in the Appendix N 0 . II.
I And
lage digitised by the University of Southampton Library Digitisation Unit
Printed ii
( 3° )
Ja\d your Committee examining the' faid. Mr. Wpiondfold, he fiiyS, That on -the iKth
Day of February 1719, James. Craggs Seri; Efq; gave the . Examinadt Directions tq buy
'20 000 /. South- fea Stock for him ; chat the Examinant did accordingly buy on that Day
jto’ooo /. Soutb-Jea Stock for Mr. Craggs, for 175422 /. 10. s. 4006 l. of which was trans-
ferred by Mr .Surman to Mr. Craggs, die 4th .of March 17191 by Order <Jf the ' Examinant
for which Stock the ‘Examinant received of Mr. Craggs the Sum of 6945" /.'and paid the
fame to Mr. Surman , and the other 6000 l. Stock the Examinant delivered to Turner and
Company, by the Order,; and.for the Ufe.of the faid Mr. Craggs ; and Turner and Com-
pany paid the Examinant, .by Mr. Craggs’ s Order, 10,305 /. for the fame; That the Exa-
jmn ant not buying the whole 2.0,000 /. fo foon as Mr. Craggs expected, the faid Mr.
Craggs told the Examinant, That Mr. John Humphreys had bought for- him the other
.10000 /. . That, the Examinant did on the 4th of March 1719 , by Order of the faid
-Mr. Craggs , deliver to Mr;. Knight another Sum of 10000 /. South-fea Stock,- for the Ufe
.of- the faid Mr. Craggs, and that Mr. Height paid the Examinant 17506 7. for the fame.
^Tiiat two or three Days afterwards, the Examinant, by Direction of the faid Mr. Craggs,
toot of Mr. Humphreys the faid 10,000 /. South-fea Stock, which he had bought for
• Mr. Crfl^r, and paid him 17506/, for the faid Stock, being the Money* which he (the
.Examinant) had before received of Mr. Knight, as afore faid.
Ypur Com nr it tee in the Courfe of their Enquiry, finding ir needfary to be inform’d
what Calamities of Stock Janies Craggs Sen. Elq; deceafed, had in his Own- Right at the
Time ot his Death, directed the proper Offices of the South-fea Company, Eafi-Inditi
Company, and Bank of England, to lay before them Accompts thereof refpedively, ro the
End your Committee might put what relates to the faid James Craggs in as clear a Light
as poffible, before this Houfej which Accompts are as follow, vitu
Stock in the South-fea Company 87,000 7.
Stock in the Eaft-India Company 34,000 /.
Stock in the. Bank of England 1,000 l.
amounting in the whole to 122,000 /. Capital Stock : Accompts whereof are hereunto ari-
onexed in the before-mentioned appendix, N°- I. and in the Appendix N°TII.
tour Committee finding that leveral Brokers and others had been concerned in Partnee-
'ihipVith Mr; Knight, in buying and felling great Quantities of South-fea Stock, and.in
giving out Money for Rcfufals. your Committee proceeded to examine the - fevei'al Petfons
'following relating thereto. ■. . f.
M r. Edward Ovsen being examihed, fays, That he was concern’d jointly with •■Mr.
'ihlditch and Mr.' Knight, in buying about 20,000 /. South-fea Stock, in December 1719,
. which he believes at the Time of buying, was to.have been equally divided amongftthem
but m a few Days altering their Mind, the fame Stock was fold out at 85 /. Lofs.
-That Mr.- Knight fome Time after told the Examinant he had bought feme Stock for
■ Tiimielf, and if the Examinant would have a Part of it, Mr. Knight faid, 'ho would-deliver
it to him, at the fame Price, he paid for it ; and the Examinant did accordingly take of
Mr. Knight <5ooo /. at 134 to 155, and 4000 Eat 177 to 178, which fcveral Prices he paid
‘Mi - ; Knight by Adjijfiment.
That Mr. Knight told the Examinant lie had had a Tran faft ion in SoUth-Jih Stock (fs
the Examinant believes) by which Mr. Knight gained 2500 /. or thereabouts, and that he
paid the Examinant 1215/. 10 s. 6 el. for his own Ufc, telling the Examinant, That it
,was his Share of that Profit.
tie fays, That. at the (hutting of the Books in December 171 9, it was a general Talk,
that fomethingwpuld be done to mend the South-fea Stock, and that he then heard it w*s
likely fome Proposals would be ottered to the Houfe of Commons relating to that Matter :
'Being asked, from whom he heard it, fays, he believes he might have heard it from Mr.
'Knight, and probably from fome of rhe Dire&ors. '
That fome Time before Chriflmafs 1719s there was a Quantity of South-fea Stdck
-bought and fold, in which this Examinant, Mr. Knight , and Mr. Strode were concerned
■with.Twi Mcr and Company ; by which Tranfafti.on the Examinant gained for his Part (to
rthe "pjeflupf his Remembrance) between 4 and 500 . 1 , •
THar after the- (hutting of the South-fea Books in December 1719. Mr. Strode bought
fcveral large A ^uan titi e-s ot South-fea Stock, at different Prices, r-fome of which Stock was
fold, and the Remainder taken and paid for; ,that thefe Tran factious were On, the Ac-
count of the Examinant, Mr. Strode, Turner . and Company , ahd Mr. Knight, who- were
equally, concern’d : That in rhe Month , of February, they came ‘to an Adjuftment, and
upon making up the whole Accompt 'of Stock bought, , and Rcfufals given, the Examinant
received 10,500 /. South-fea Stock^s his Share,, upon paying * Mr. Strode 6000 l. ot there*-
abqutsa And -as to the . Particulars- of fuch Tranfo&ions, he refers hirafelf to Mr. Strode,
‘ Hept'the Accompr, '■-•-
- ;,'ii flioe -. ; .qi\l . to fij'ot Oul 1 (Thfe
' • '-jdcj.il - .-.i.i , , a.: w .-n jos-jA uc ; dvolfc A oJ gjbuuuuu
.: .“uf > ' • ..... .' ■ ; r-H • iUlftaUuSQ UO‘i
PrinLed image digitised by the IJmversjly of Soul h amp Ion Library Digitisation Unit
C ■(. )
The fa id Samuel Strode being hereupon examin’d, fays. That he did on the 26th
February, 17 19, buy of George Steed, ijoo /. Stock, at of Thomas Car Lemuel, 2p.pp
at the Jaxrtc . Price ;,o^JWalynp. fynflpfo, i'ooo l. zmircf-Mo/es Barrtrw;- .ilfjooi ad’tlie
fame Prietf,' witiclrSi(!n€ Wfcref-fq- b^ght By hiin, bri Accognc of Elihs Turner; Sit Geh'rge
Cafwal,' Mr '. Sawbridge, and the "Examinant, who were Partners therein, in equal four
Parts.
T{ut of^ the 3 1 ft of Afarch 720, Afr. Tejlnrd a Broker, bought by this Ex aminant’s
Dirc&ion, and tor his U/e, jfhe following Sums, viz,, 1000 /. at 504 per cent.., 5000 /.'at
305. 20 661, ai 391s, 6foo /.-at .308, v and 6coo /. atjiro, and thefamCjDay the .fixartiifunt
bought hiinfclf lor his .•qjvn.Uie . 201 l. ar 309, of Edward Adderley^. and 200 /. at 308,
of Jane's Round ; that he paid for art thefe Sums by Money or Adjuftrtients.
And this Examinant Yays( That he did on the 25 th of M^ch\i-]i<% buy of Mr. Knight
1000J. ^So'uth-iea Stock for his own Ufc, at the Rate of. juf. l^ff.;fSRt..-. Andi. the
" J Exa‘minanV fays, That he vitas concerned in buying and felling fevcral largf'l^aanti-
_ ties of Spilt b*fca Stocjc, and in giving out Money : fot Rcfufalsof Stock,in a Pa];t-
e “ncrfiiip with the faid Turiier,,.Cafxvnl and Cambridge, Mr. -Knight and'-Mr. Owen, _<«/«,/ the
{ faid Turner)')?, if veil and Sarusihylge,' aiiit the 'Examinant in one' tialh.^UQ Mr. Knighted
' ';M r.^Owpf the gther Half/^.Th? ^To (al oF the Stock bought by^.tfcm, and Money
'"givch Yui^ Refiiia ls, amo uiniiigto' ^botit 095, 000 7 . Stock’; Accomprs' whereof arc to this
Ins 'Exaujuiatjoij anifcxcdTantl hgii’cTby him, which Accomprs, he lays, are true; Co-
CiJ picsS 5 t" Accomprs arc hcreunrbYii nexed, in the Appendix, N°. III.
Mr. Richard Holditcb, a late Director, being examined, fays. He wa one concerned
in buying and felling 15 or 20,000 /. Soutb-fea Stock, and lays. He was concerned
another Time with Mr. Knight in Holland , in buying Stock there, and ielling it agaiiij
of which his Part was about 2doo l. Stock, by which the Examinant gained about 5000
l. and lays he knows ol no other Tianliiction with Mr. Knight or Mr. Owen, either in
Stock or Subfcnptxons, firice Michaelmas 1719.
Your Commictee being informed, That Jofeph Schaw Broker, had been very much
concerned in buying and Idling Sourh-fea Stock for Mr. Knight, they fent for the laid
Schauj, who being examined, fays, That he had very large Tranfactions with Mr. Knight,
nant any Calk Accompt with Mr. Knight, entred in any ol his Books, but gave it in
from Day to Day on Sheets of Paper ; that he always paid, or gave Notes or Bills on
Golulmiths for the Stock and Sublcriptions, which he from Time to Time lold tor Mr.
Knight, and which was delivered : That Mr. Knight was very angry with this Exami-
nant, on his giving in to the Houfe of Lords, an Accompt ol Stock fold by him for
Mr. Knight ; That lie delired die Examinant to defer giving in the faid Accorjipt tothe
Lords, ar^LfMEtc vjtttibijS v twl Np’l c Pe d iim-Oo t whom WHvSfdok' was laid,
which he +i*toW Avqrtpfif * Em clfc^xartm^nt did not^AVfvr mCh'Ninnts
from him. in at this Examinanc "'was with Mr. Knight leveral Times, two or three
Days before he went away ; and Mr. Knight delired to fee the Accompt, which this Ex-
aminant intended to give into the Houfe ol Lords, of Stock bought and fold for him :
That abo t the Tbit. f day before Mr. Kmght went away, this Examinant enquired at the
Treafury-Oflice, where Mr. Knight was, and was told, he was gone to the other End
of the Town, by which he underftands to I'ome in theMiniftry or rhe Treafury. He
produced his Leidger-Bock, in the Alphabet of which Mr. Knight's Name is enter’d ;
but the three Leaves, to- which it refers, are torn cut. He fays, Thofe Leaves were
torn our by him before the Sitting of the Parliament, by Mr. Knight’s Di-
rection, in the Treafury, or fome other Room in the South-fort Houfe. He fays, There
might be fomething, and feme other Names in thofe three Leaves, which are not in the
Paper produced by him at his Examination : That he knows of no Lord nor Commoner
named in thofe three Leaves, favc what are in the faid Paper produced ; which Paper,
he fays, he cook from his Journal, from which the Entries were ported into the faid three
Leaves of the faid Leidger, but cannot fay that the fame is an exact Copy. He produced
fevcral other Books, fcvcral of the Leaves of which are torn our, which concern Mr. Knight ;
That this Examinant never kept a Caflv-Book in his Life : That all Stock bought and
fold, is transferred or ported from his Journal produced at his Examination into his faid
Leidgers,- hut the Journal doth not contain all the Matters concerning Monies that are
cnricdin his Leidgers ; that Page So, and 81, are torn out of one of his Leidgers; that
Page 9, xo, and ix, are torn out of another of his Leidgers that Page 1, 2, 3,4,8, and
9, are torn out of another Leidger (marked 3.J asalfo Page 7. defaced. Adi which Pages.'
he remembers, contained Accomprs of Mr. Knight , and are referred to in the fevcral
'Alphabets of thofe Leidgers ; that all thefe Leidgers begin in January 171 9.
Your, Committee have other Matters under their Confide ration, upon which they
are proceeding, and will in a Ihort Time lay the fame before the Houfe.
Debtor.'
Printed image digitised by the University of Southampton Library Digitisation Unit
' ( 31 )
Debtor. James Craggs Sen. Efq;
1719*
Sbath-Sea.
1 .
S.
i.
L
S.
A:
Jan. 30.
To Bought -Jr
10000
at 128
*5
00
1*875
00
OO
Feb. 2 6 .
Bought
3000
at 173
10
00
5205
00
OO
Bought
2000
at 174
00
00
3480
00
OO
Bought
5000
at 174
*5
00
8737
xo
OO
Adjufted per Knight
- 5000
at 135
12
otf
6781
OO
Mar. 4.
1^20.
Took ot John Humphrys
10000
at 175
OO
00
17500
00
OO
'’April 2.
Adjufted per Sword-Blades
4000
at 300
OO
00
12000
00
OO
21.
Adjufted per Sword-Blades
2000
at 33 s
OO
00
6 "j 6 o
00
OO
May 30.
Adjufted per Knight. —
2000
at 375
OO
00
7500
00
OO
Adjufted per Ditto
2000
at 480
OO
00
pdoo
00
OO
4JOOO
-
—
50438
*5
OO
Debtor. James Craggs Sen, Efq;
Printed ituage digitised "by llte University ofSnulhairiploTi Library Digitisation Unit
t n )
‘Her .Contra..
1718.
Mar. 18. By Ballance —
1719.
Aug. 22. By George Brajter
2 fov. 1 8. By Jacob Sawbridge
P'tkem. a, - By South-fca Company
fcb, 3.. By ‘Thom at Alcraft .
By Anthony JJ'CoJta
By fames Gramrfter'
By Cbrifiopher Oxley
. . By Henry Norris —
jl dar. 4. By Robert Surman
17io. ■ - - :
Mar. a8. By Jacob Sawbridge
Creditor.
JOOO 00 -CO
$000 00 00
4000 -6o 1 09
1 coo\ 06 00
sooo ' -do ‘ 00
2000 - oft , 60
3000 00 co
4000 00 00
70000 co 00
June 14. By Dividend —
Sept. 19. By Sir Matthew Decker
Nov. 4. By Thomas Auftin —
1 8. By Charlotte Refer
Dec, 24. By Ballance long Annuities
7000
5400
00 00
©o 00
00 00
oq^-00
• 00 00
87000 00
00
Examin’d per C. Lockyer, Accomptant.
“Per Contra.
Creditor.
jn-.
Pel. 3.8c 4.
March 4. .
By bold "
South-fea.
5000 at 135 io co 6 775 00 00
10000 at i
By Stock transferred to himfelf
Ditto to himfelf - — 7 . 4000 at 102
Ditto- Sir George Gafwall - , • . . • >, io 3 o afr <*77 ;
Ditto Ditto —1^. ’ ' 'ftooo Mt'tff
Ditto
Ditto
Ditto
1720.
March 30.
April 20.
May, 19,
ob 1 .
By Stock deliver’d Robert Knight
Sold v
Sold
Sold .
Sold ■ ■ ’ .
00 00 13000 00
12 , 70 j 00
. .. Jjo—pcp,.. ly-jcr c-ao
toao tit' 1 75 -
loco at 175 00 00 1750 00 c
C, 1000 at 178 10 — 1785 — -
1000 at 150 — — 1500 — -
— 10000 at 175 — — *7500 — ■ -
4000 at 300 — — ■ 12000 — -
■ 2000 at 338 — — ^ 6 r t6o y
•> - sopo -'at.' ^7 j ( /i°® «*■
Sr
45000
-This is a true JLccompt to the left
:of my Knowledge and Belief.
\msi "lyr. aoo$
51114* do
Mat. Wymondfold-
K
Jams
Printed linage digitised by the University of Southampton Library Digitisation Unit
( 34 )
James CraggS, Sen. Efq; deceas’d his Account if
Debtor*
1719.
1. S. di
Mar cli 7. To E lias Turner ~ — - 2500 00 od
Feb. 23. To Abraham Edlin by his Attorney Lancelot BurtonETcfr 1500 00 oo
1721. —
4000 00 do
To Ballance remaining • 34000 00 00
38000 00 « ^
James Craggs, Sen. Efq s his Account in Debtor.
Bank-Stock.
/. >•. %
OOO OO..: OO-
1719. c.--,
Feb. 3. TO Sir George C&fwall transferr’d — iiooo 00
r— 8. ‘^TdjiiXGrace^o/^ Puke oi Martb'droughy Transferr’d 18975 00
*72*. if.
'Apr. 4* Ballance now remaining in Stock :
1000 00 00
\ W "!
30975 OO OO
Stock
Prinled image digitised by the University of SnudrSimpUnt Library Digitisation Uttil
( 3 ? )
* 7 * 9 -
March 2$.
Aug. 26.
Decern. 1.
1720.
&?/>*. 15.
24.
27.
By brought from Leigder (E) —
By Matthias Eades
By Matthew Weymondfold
By Sir Matthew Decker , Bar. ■ —
By John Kjiight ■
By William K/iight — —
nys Boo
£
Credited
/.
A
d.
— 500
00
00
500
00
00
2000
00
00
20000
00
06
8000
00
00
7000
00
00
38000
00
00
I do not find by the Company’s Books that any Body has Stock in
their Names in Truft for James Craggs Sen. Efqj
Eajl-India Hoijfe the
6th of April i i 7 2 1 <
Signed by Order of the Court of Directors
of the United Eaft-India. Company.
■ l U.
Cl i
1 i: , I
Sam. Waters, *Accom$tant\
: + ic£ ! ■ 1
Per Contra.
Creditor. 1
1719.-
June 24.' By Ballance then remaining in Stock
Aug. 18. By Sir Qeorge Cafwall , Accepted —
Decafo 1. By Sir William Scawen, Accepted
172°.
Sept.i%. By Samuel Metier , Accepted — 1 —
/. si dl
18975 00 00
1000 00 00
Iooeo 00 00
1000 00 00
30975 00 o»
Dig
.ge digitised by the University of Southampton Library Digitisation Unit
f 36 )
Drs. Mtjf. Knight, Owen and Comp.
December a a.
1719.
January 12. 1719.
/. s. d.
1. *
. d. I. s. A.
/. 1-.
1. s.
5000
br. 124J-
6iii 10
l6ood (bid i 37 £
•21960
8000
bt. 154 t
9960
5000 fold 1374
6875 .
1000
btv 1244.
1245
5000 fold 137
6850
lOOOO
bt. 1244
12462 10
4000 fold 136$
5470
3000
br. 1244
3735
aooo fold 13 6-J
2737 I*
31500
bt. 124'
40543 15
4000 fold 137
5480
800
bt. 1244
99 7
lab'oo fold 15 6$
164x0
2000
bt. 125
2500
28000 _fold 1 364-
38150
18000
bt. 126
226S0
4000 fold 13 54
5410
2000
bt. 12 6%
2512 To
15660 fold 135
202 JO
30OO
bt. 1 z(i'4'
3802 10
5000 fold 135^
6781 05
aooo
bt. I26|
253a 10
-
6500
br. 127
S255
100000
18000
bt. 130
1500
bt. 1514.-
1976 05
5000 fold 13 j«.
6762 IO
4600
bt. 1324
6095
14000 fold 134*.
18S3O
, 10000
bt. 132$
1 3 a 75 ,
1 000 fold 1 344
1342 IO
7000
bt. 1334
9345
3000 fold 134
4020
2000
bt. 132
2640
4000 fold 1 3 6i- -
5470
1000
bt. 132-5
1322 10
1000 fold 1334
I 53 S
2473 10
bt. 133-4
3295 18 5
1000 Crifp 125
1250
743 06 6
bt. 133I
99a 06 9
1000 fold 132
1320
4000
bt. 1 334
5340
12500 (old 1314
16468 -j
4000 '
bt. 134
2680
500 fold 131
655 u
I OOOO „
bt. 135 3
9 * 35*8 15
6000 fold 13 1*.
7S90
IOOO
bt. 136
1360
5000 fold 1311
6562 1
2000
bt. 133
26S0
5000 fold 133^
6650
4522 15
bt. 134$
6071 15 S
7000 fold 131*
9187 10
20000
br. i34i
268.75
5000 fold 1291
6475
«p« '
bt. 1344
2345 . .U
7000 A fail l 129°
9030
8060 ' .
bt. 1 34I
S077 10
1000 Ditto 1294
1291 OJ
7500
bt. 134-'-
I0106 05
6000 Tefiard 1 30
7S00
7000
bt. 136-4
9537 10
qaaooMtif.ipbiai 30.J
39122 10
Sooo
bt. 1 3 5-»
10870
80000 fold 136
108800
36000
bt. 1 3 ji
21720
10000 fold 136!
13650
7000
bt. 135*
9443 15
1 3000 fold 1 3 5-J.
17647 10
45000 fold 1354
60975
344000 11 6
2000 fold 1364
a 73 S
14967 t.4
bt. 13 5I
20280 n I
39000 fold 137 —
53430
IOCS
bt. 13 5l
1358 15
21000 fold 1374
28822 10
20000
bt. 136
13600
aiooo fold 1364
28612 10
4000
bt. 135
5400
.
5000 fold 1354
678. 05
27360 6 15 6
3S8jj« 6 11.
3000 1354
— 4057 10
456000
615915
Printed image digitised by tlic University of Suiilliarnpion Library Digilisalion Unit
( 37 )
Drs.
MeJJ. Knight, Owen and Com]}.
Crs.
5000
bought
130,
652;
1 j to DO
Tnmblyn
*33r
* 33 S.
5000
bought
<5543 15
| , IOOO
. Ditto
J 3 l i-
1317 xo
5000
bought
*3*
<*550
1 ! 24000
Ditto
132
44880
.5000
bought
13 1 ?
«5j6a 10
i 3000
Ditto
J3 2$
3967 10
37000
bought
I2 ? T
47*75
3000
Ditto
ijii
3945
4000
bought
I27l
5 095
' 2000
Ditto
U l
2620
ajoo
bought
J27V
3181 s
4OOQ
Ditto
13 oi
5230
.9000
bogght
I2/-4
*1497 10 .
1 2000
Ditto
13c?
2617 ro
5000
bough c .
.i2Si
- 6412 10
, <4000
Leigh
133
532Q
6300
bought
128
8064
j 3000
Ditto
*3 3*
4005
5,0000
b&Kght
12S4
12837 ro .
1 2000
Ditto
1314
2625
i8opo
bought
12 &*
23130
| 60 OO
Ditto
*3*
... 7860
29500
bought
128^ .
-M 9 Sj s.
i 2000
Ditto
13 if
2630
1900 _
. Jaqught.
.129J .
• a 455 15
i 4 QQQ
Ditto
132
5280
. JQQd
bought
I 29 i
388s ^
!
5 ppo
Ditto
131}
- £587 fa
rr
IOOO
. Ditto
132;-
1322 XO
460000
I.OOQ
Ditto
I 3 H
1318 15
•*
^ -
10990
Surimiz
1 3 2-|
*3237 10
30000
. Owen •
13a .
39000
' 5 000
0-Mu pr. Stead
13 3 i
< 5(58 x 5
-Rt-fufal
132
26400
300 .Q 0
fold.
• 5 23 4 ° t~
7050 ;
-jpjtto t.
. ii6 'i
9520 - - -
i 23OOO J
, <4
..
175020 3
1000 :
- Ditto t
-137-
1370..
. *
-■Sttrmari
i3«S
217*0
1
' l ;
, - J
71180 ;$wordi£lade
9 <S? 45 . 3 .J
|
u
19000
Strode
25877 IO
3000
Refufal
130
3900
..
‘ '
1000
bought
i*8
1680
};
1
3000
bought
1694
5092 IO
!
2 ,
wX
2000
bought
170
3400
i C. i
1000
bought
169
1690
-
looo
bought
168$
1687 10
| * - -
4000
bought
i< 59 f
6780
2000
Refu .Humes
150
3000
IOOO
1 ). Dine
150
IJOO
2000
D. Hall
^127
2540
30OO
D. Alveringo
133
3990
IOOO
Stile
80
800
3353 s °
448158 X3
}
Comp, paid to fundry 392 10
44^55* 3 I
.eld
L . Drs;
Printed image digitised by the. University of Southampton Library Digitisation Unit
!
( 3 § )
Drs. Me]f. Knight,
Owen and Comp.
Crs.
l
s.
d. 1
/. s.
i
tp ooo Refufal
150
28500
123000
'17.5 020 3
6000 Ditto
1354
8180
45 6000
615925
2000 Ditto
i 35
2700
— Z i
2000 Ditto
134#
2690
579000
790945 3
7000 Ditto
130
9100
4500
Gardiner
5524 7
6
36000
51120
_
583500
796469 10
6
33 S 3 8 °
446531
3
2000
Heblut 1274
255 ° _
273606 15 6
358356
6
11
—
—
-
•-
—
585300
799019 10
6
<544986 15 6
856027
9
ix !
630
Ballance
874 5
9000
Ballance 1251 5
0
0
0
Owen and Knight
30000
30000
Strode and Curb.
30000
653986 15 6
868542
9
ii
—
ZZ-
By Error 430
646150
859893 15
6
868092
9
11
By Ballance of Banki
1 and India - - J
*■ 1888 18
4
<550 __ Account of 1x70
1 By Refufal made up
10134 a
3
65463 6 15 6
869262
9
ii
871916 16
.To Com. to Strode
I 4 I 7
10
40000
Carlonne /
54003 15
9000
Ballance
12515
870679 19
11
_ 513 4 6
i 75 1-
898
2
10
. «S 5 *J Q .
5 > 3«435 H
*,
65515°
87,578
2
9
10000
Owen
i6 7'4
7
1
10000
Knight
16714
7
1
2 0000 Strode Sc Carbon.
33428 14
2
69J150
« 8 435
ii
1
Drs.
Printed image digitised by die University of Southampton Library Digitisation Unit
( 39 3
Drs. Mejf. Knight, Owen and Conif Qrs,
Fel>. 4.
6000
171P.
bought
143
l. s.
8580
2500
CoRyet
152
l t . 1
3800
1000
bought
144
*440
2000
I’ejlard
160
3200
5000
bought
* 47 *
7375
23OOO
Die to
*5 9
385711
looo
bought
147
1470
I OOOO
Ditto
1584
1585°
7000
bought
150'
10500
8000
Ditto
*57
» 12560
6000
bought
17?
9120
3000
Ditto
X56
4680
4800
bought
151
7248
IpOOO
' Tamblyn
29760
10000
bought
IS 5;
* 555 °
IOCO
fold
160
1600
800
bought
*57
1240
XOOO
fold
150
1500
2000
‘ Tamblyn
152
3040
2000
fold
X56
3120
1000
Ditto
*53
1530
8000
. fold
I 56 i
12520
5000
Ditto
*54
13860
20000
J. Blunt
30030 13 4
14000
Ditto
*55
21700
25OOO
Owen
.*75
^ 4375 °
5000
Ditto
* 55 *
4675 10
52000
CarboneR
*74
90480
23000
Ditto
* 55 *
35765
8000
Ditto
*73
13840
46060
Ditto
* 5 *
71740
5000
Sawbridge
*73
8650
4000
5000
16000
Ditto
Ditto
Shukburgh
156?
*57
6260-
7 8;o
24085
1895OO
65O
Acct. of 4
180
312000 13 4
1170
30000
4900O
' * 55 °
Acct. of 6
CarboneU
bought
170
52240 3
32705
***35
I 9 OI 50
5000
Knight
3 * 3 * 7 ° *3 4
< 5 io 8 6 8
220150
TcTCdtnp. paid Tamblyn
To Ditto paid Shukburzh
349110 13
* 5 7 :*"° j
5000
2 0000
220X50
Owen
6108 6 8
24433 <S 4
349820 13
°* To Ditto paid Curb
ondf 7 ’ '
c 9 S'iJ 1
! i . U - -
' — ^trDitfB paid Teftard
c 57 . *0
L_
“ “
349444 s j
To Ditto Lejfmgham
To Com.
5 j,
37 i 5 |
L i-i
— - -
349820 13
Drs’
Printed image digitised by the University' of Southampton Library' Digitisation Unit
( 40 )
Drs. Mef. Knight, Owen and Comp. CrS.
SANK.
l . t .
t . s \
loco
Bank bought 150 3000
.2000
Bank fold
i$o
3015
4000
Ditto 147-I 5900
2000
fold
155
3060
1 JOO
Ditto 147 2205
1000
fold
152*
IJ 25
To Com'. 18 15 1
2000
fold
15 -M
3045
500
fold
762 id
•7500
m „ u * 2 3 *5
\
ToBall. 283 15
7500
1 1407 IO‘
1 1407 10
INDIA..
~ 2 o 5 c 5 "
" b Blight
198
39 do
-
1 1000
fold
204
22440'
XOOO
bought
ip 8 f
2781
5
1000
fold
204-5 .
2042 id
5 °p\
bought
198
990
7500
fold"
202^-'
15168 15
18500' ‘
‘bought
199
368x5
4 5 00
fold
203
913S
^odo
bought
200
2060
iPboo
Tefiard
21282 10'
1000
btfught
2oct
2065
■
ifodo '
bought
204
16320
34000
79068 15
2500
bought
204J-
5106
5
xiooo
Surma i
iij'9'7 10
10500
bought
21544
16 8
Uii
45000
92466 5
45000
90722
6 8
Paul Tejtard
12
10
Paid Furman
*3
15
To Comp.
1 12
10
90861
1 8
To Ballancc
1605
3 4
S- - -
92466
5
S. Strode.
REPORT
Prin led image digitised by die University of Southampton Library Digitisation Unit
( 4 1 )
REPORT
sansissKssssssaag
Numb. IV.
^ww»8sas«gsssw«sssafiag¥Ksaig8gS!gsgg!g$!S¥®?gsi
T H E Cmmittee of Secrecy, appointed to enquire into all the Proceedings rela-
ting to the Execution of an Act palled the laft Seffion of Parliament, (Enti-
tuled, An Ail for enabling the South-lea Company to encreafe their prefent Capital
Stuck and Fund, by redeeming fuel) publick Debts and Incumbrances as are therein-mentioned, and.
for raijing Money to be applied for lejfening fever al of the publick Debts and Incumbrances, and
for caking in the prefent Exchequer Bills remaining uncancelled, and for making forth new Bills
in lieu thereof , to be circulated and exchanged upon Demand, at or near the Exchequer) fince
their former Report, having had Intimation given them, that feveral large Sums of
Money had been lent to divers Pevfons mentioned in the Book of Loans formerly laid
before this Houft by the lace Dirc&ors of the South-fea Company, for Security whereof
no Stock has been actually transferr’d $ they did by their Order, bearing Date the 24th
Day of Apiil lail paft, .direfit the prefent Sub-Governor, Deputy-Governor, and Di-
rectors of the South-fea Company, to lay before them an Account of the Names of all
fetfons who are mentioned in the faid Book of Loans to have borrowed Money on Stock,
and the Sums by them refpedtivcly borrowed, for Security whereof no attual Transfer
of Stock had been made : Purfuant to which Order, upon the 19th Day of May \n-
Ilao.t, the faid Court of Directors did lay before your Committee a Book (by them en-
fituled, -An Account of the Names of fuch Perfons to whork Loans have been made on South-
Lea Stock, who at. the 'Time when fuch Loans were made, do not appear by any Books to have
trjtltfxrfjLStatksaahe South-lea Company for t/se Security thereof 1 ) And the Court of Di-
redtors have added to the faid Title, the Words following ; But -as all or moft :f the Money
iwtj. whs .by granting Permits to any Names without 'DiftinSfion, or 'any Regard had by whom
the Stock was transfer/ d, it is doubted that thi-s Accompt may -be very defeclive ; and it is pro-
bable, that many of the Names herein may be fiElitious , and t Hat many others may be able to /hew
how, and by whom, the Stock for the Money lent them refpeElively was really transfer/ d, if they
flmtld be called upon fo to do. And your Committee obferve, that the iaft mentioned Book
contains the Names of feveral Perlons mentioned in the aforefaid Book of Loans to have
."borrowed Money upon Stock, to the Amount of 2, 181,944 b. 11 s - upon the Security of
■578,88-8 l. Stock, which doth not appear to have been transferred to the Ufe of the
Company.
And in relation to this Matter, your Committee proceeded to examine in the moft
folemn Manner, the feveral Perfons following, and do now lay before the Houfe, the
Examinationsby them taken, in the Words of the Examinations themfclves.
Mr. Charles Lockyer, Accomptant to the South-fea Company, fays, That he hath care-
fully examined the Books of Loans, and the Books of Transfers of the faid Company,
by Order of the Committee of Secrecy ; and upon Infpefition of the faid Books does
find, that the Sum of 2,181,944/. 11 s. has been lent by the faid Company at feveral
Times to the particular Perfons mentioned in an Accompt drawn out by this Examinant,
upon the Sum of 578,888 /. Stock fuppofed to be transferred to the Ufe of the faid
Company, as a Security for fuch Money .; but this Examinant, upon the itrififeft Ex-
amination of the Books and Accompts belonging to the South-fea Company, cannot
find or difeover, that any of the faid Perfons, or any other for them, at the refpective
Times of the Loans made to them, did make, or caufc to be made, any Transfer, or
-fuch Stock upon which the faid Loans are encred to be made, or of any Stock whatfoeVcr,
unto, r>r for the Ufe of the Company, for fecuring the Repayment cir the Money then
borrowed, amounting in the whole to the aforefaid Sum of 2,181,944 ^ 11 *• And this
Examinant does not know that any Stock was transferred by, or for the faid Perfons,'
for the Security of the laid Money, or of any Part thereof.
M Sit
rage digitised by the University of Southampton Library Digitisation Unit
Printed ii
( 4 * ’)
Sir 'John Blunt being examined, fays, He takes it, there was a good deal of Money
lent to Perfons who had bought Stock and in fuch Cafes, the real Borrowers were not
the Transferrers, but the Perfons of whom they had bought, transferred the Stock to
Mr. Knight , Sitrmnn, or Powell, for fccuring the Money lent by the Company. He lays,
lie really believes that Mi\ Knight generally made good the Stock which he lias charged
the Company to have lent Money upon, tbo’ he has heard that fome Perfons arc charg’d
with borrowing Money who never did borrow any. Says, that lie believes there is a
confiderablc Quantity of Stock on which Money is faicl to be lent, where no Stock 'is
transferred, and the Examinant apprehends that great part of chat Deficiency will be
found among the 574,500 l. fictitious Stock laid to be fold, which lie believes has been
transferred to the Loan Accompt.
Mr. Robert SumuM, being examined as to the Accompt of Loans where no Transfers
appear ro be made, fays, that lie believes that Mr. Knight having Accompts of Stock
with fcveral Perfons, he caf'ry’d their Stock to the Accompt of Loans. Says, that when
the Loans were at firft begun to be made, there were fevcral Wade Books kept, wherein
the Sums lent out were fir ft entred, and all the Papersand Memorandums relating to the
Loans were given to Mr. Clayton, a Clerk in the South-fea Houfe, who from thence
made out the Accompt of Loans. Says, He believes the Wade Books arc at the South*
fea Houfe, but lie does not remember whether he has feen thofc Books fincc the Enquiry
began, or no. He fays, That the Leidgcrs of the Lo'ans (he believes) were made up a-
bouc a Month before Mr. Knight went away. Says, He believed that fcveral of the Per-
fons who had the fi&itious Stock, had Money lent upon it on the Company’s Accompt ;
and in fuch Cafes no Transfers could be made : And he believes that part ol the 578,888 l.
Stock, on which Money has been lent without Transfers (appearing in the Accompt
now produced to him) is part of the 574,500 /. fictitious Stock.
The faid Cbrifiopber Clayton, being hereupon examin’d by your Committee, fays, He
and the Clerks under him, did, by Direction of the Committee of Loans, and of Mr.
Knight, make up the Accompt of Loans from Books which he now believes arc at
the South-fea Houfe in the Cndody of Mr. De Gals ; that the Iiiftruftions given him,
were, ro make the Accompt from the Copies of the Journals ; that Mr. Knight perufed
this Accompt when made, and examined it, and corteftedit by the Journals and other
Books of his own ; that Mr. Knight had the Cuflody of the Original Journals ; and
before the Copies from which this Examinant took the Accompt were made, the Exami-
nant believes Mr. Knight made fome Additions to the Original Journals from his own
Books. Says, That he never had any Inftrudions or Order from Mr, Knight or any 0-
tlicr Perfon to make this Accompt in fuch a Manner, as not to exceed the Regulations
of 400 /. jper Cent.
Your Committee are proceeding in the farther Examination of the Matters referred to
them, and will in a fhort Time lay the fame before the Houfe.
T H E Committee of Secrecy appointed to enquire into all the Proceedings relating to,
the Execution of an A6t palled the laft Selfion of Parliament, (Entituled, Ah Aft
for enabling the South-fea Company to enereafe their prefect Capital Stock and Fund, by
redeeming fuch Publick Debts and Incumbrances as are therein mentioned, and for railing Money to
Le upphed for leaning fever al of the Publick Debts and Incumbrances, and for calling in thepre-
fent Exchequer Bills, remaining uncanceled, and for making forth new Bills in lieu thereof, to be
circulated
V
Primed image digitised "by the University of Southampton Library Digitisation Unit
( 43 )
\ircuiatiul and excluded upon Demand , at or near the Exchequer ;) having on the 2.5 th of
May inltanr, examined in the moil; iolcmn manner Mr. Samuel Watts, a Clerk in tlia
Treafury Office of the South-fea Company ; he fays, Thar ibine Time in January bit
•abouc a Fortnight after the iirft Meeting of the Secret Committee at the South- lea
Houfe, Mr. Lockyer came up into the Treafury Room from the Secret Committee, and
faid, They warned Mr. Cbriftopher Clayton, then a Clerk to the South-fea Company;’ who
not being there, he asked for the Examinant ; who faid, Here 1 am ; and then Mr. Lockyer
enquired of the Examinant, who the Clerks were that made out the Books of Loans?
And the Examinant acquainted him, that himfelf, James Ottey, George Woolley, and
Stephen CriJ'p were Clerks imployed in making out thofe Books ; and then Mr. Lockyer
went down Stairs, and defired the Examinant not to be out of the Way. 1 'nat foon af-
ter, Mr. Clayton came in, and the Examinant told him, the Committee wanted him be-
low Stairs. Clayton then asked him, If die Examinant knew for what the Committee
wanted him ? The Examinant replied, He did not know, but that Mr. Lockyer had de/ired
him to attend : Upon which Clayton faid, He had heard the Examinant had given
Mr- Lockyer the Names of the Clerks who a Hi fled Mr. Clayton in making out the Books
of Loans. Upon this Clayton faid with a Curfe, “ What had you to do to tell their Names ?
“ If you had a mind to bring your feif into a Premunire, why fhould you bring them ;
“ am not I fuffident to give an Account for them ? ’* And walking about the Room in a
PafTion, faid, That the Examinant had nothing to do todifeover any Thing, efpecially to
Mr. Lockyer, who was a Rogue and a Villain, and had difeover’d all; and that he would
therefore be defpifed and pitied upon by every Body; and then faid, That if the Exami-
nant was fummoned before the Committee of Secrecy, he was to anfwer, <c That he knew
“ nothing but thac the Examinant was fubordinate to him, and that what the Examinant
“ had done, was by his Directions, and he was anfwerable for it; and laying his Hands
“ violently upon the Examinant’s Face, fqueezed his Jaws very hard, and faid, If the Exa-
“ minanr difeovered any Thing, he would be the Death of him. Thar Clayton then asked
“ the Examinant, what he did know? To which the Examinant replied. He knew enough."
“ and thac when he was examined before his Betters, he would tell the Truth. Clay ion
asked again, what the Examinant did know? To which the Examinant anfwered. He
Ihould know in Time.
Your Commictec are proceeding in the farther Examination of thcMatters referr’d to
them, and will fpeedily lay the fame before the Houfe.
R E P O R T
Numb. VX
T HE Committee of Secrecy appointed to enquire into all the Proceedings rela- ing
to the Execution of an Aft paffed the laft Seffion of Parliament, (Intitled An
Aft. for enabling the South-fea Company to increafe their prefeni Capital Stock and
Fund, by redeeming fitch Publick Debts and Incumbrances as are thrreih-mentioned, and for raifing
Money to be applied for lejfening fever al of the Tub lick Debts and LtcumbrMiices; aiid for catling,
in the prefeni Exchequer Bills remaining uHcancelled, and Jar making forth new ones in lieu
thereof, to be circulated and exchanged upon Demand, at, or near, the Exchequer;) oblcrviqg
the Inftruftions given them by the Houfe, that they Ihould proceed in tiie'furthef Exami-
nation of the Particulars of the 574,500 1. South-fea Stock, fuppofed tjo be difpolcd or be-
tween the 4th of February 1719, and the 12th April fpllowing, 'they have acaordiiigiy,
iage digitised by tlie University of Southampton Li brary Digitisation Unit
Printed h
( 4 + )
And your Committee examined in the molt folcmn Manner Willi ani Compere , on-tof the
Perfons mention’d in the Accompt of the faid 574,500 l. Stock ; and he declares he .did not
huv the Quantity of Stock in the faid Accompt charged to be fold to him, neither of the
South-fen C ompanv, Mr. Knight, Mr. Surman, or any other Perfon concerned for the
Company to his Knowledge, nor had he any fuch Stock held, or taken in for him by any
of the Perfons aforefaid.
And the feveral other Brokers and Perfons mention’d in the Appendix Letter (A) who
are alfo inferred in the faid Accompt as Buyers of other Parts of the faid Stock, having
been examin’d by your Committee, have in the like Manner denied their buying fucir
Stock, or having the fame taken in, or held for them, and have declared that die ir Names
are in the faid Accompt made rife of without their Knowledge or Conlcnt ; and your Com-
mittee obferve; that the feveral Sums mention’d in the Appendix (A) amount to 339,500 /.
South-fea Stock.
And from hence ir is evident, that the Names of the faid Perfons have been fifiitioufly
made ufc of, in order to conceal the Perfons for whofe Benefit fucli Stock was really
difpofed of. .
Mr. Carbonncl, a Broker, in the faid Accompt mention d, is in Holland , as your Com-
mittee is inform’d, and they have had no Opportunity of examining him, or the other
perfons mention’d in the Appendix Letter (B) hereunto annexed; and the faid Stock
charg’d as fold to them, amounts to 32,000 /.
As to the Lords of Parliament, and Members of this Houfe, named in the faid Ac-
compt of Stock fold, which Accompt of Stock amounts in the whole to 124,000 /. the
Particulars of which are mentioned in the Appendix Letter (C) ; your Committee lay be-
fore the Houfe all the Examinations by them taken, relating thereto, in the Words of the
Examinations thertifelvcs.
Mr. Robo t Surman being examin’d, and fhewed the faidAccompts of Stock fold, as to
the feveral Articles of 30,000/. and 2000 /. Stock to Lord Chctwynd. of the 15th and 17th
of February 1719, at the Rate of 179 and 182 /. per Cent, fays, That when he was (by
Mr. Knight's Direction) preparing the faid Accompt of Stock fold, to be laid before the
Houfe, Mr. Knight rcadthofc Sums to him out of the green Book (mentioned in his for-
mer Examination) wherein this Examinant at the fame Time faw the Lord Chetwynd’s
Name, at the Head of aiv Accompt therein, kept between his Lordfhip and Mr. Knight ;
and the Examinant verily believes, that his Lordfhip’s Name and the aforefaid Sums, and
all other Names and Sums which were read out of the faid Green Book, are real, and that
fuch Perfons had fuch Stock actually held tor them : and that thefe two Sums were really
held by Mr. Knight for Lord Chetwynd's Benefit, who had the Power over fo much Stock,
and had a Right at any Time to demand the Difference, in cafe of a Rife; and the Exa-
minant never heard that his Lord fiiip either paid any Money, or gave Security for paying
for the faid Stock.
That the feveral Entries-in.the Accompt Book of -Stock fold, nix,.
To Tho Wynn Efq;
j fohn Roberts Elq; .
Edward Rolt Efq;
Samuel Tuffnel Efq; ,
'John Burridge. i — _
Col. James Scot —
Willi (1771 Chetwynd Efq; ,
The fame Perfon. Z — ; —
'f homos Wynn Efq;
William Forrefter Efq:
Col. Monroe. — —
' Patrick Halden Efq; .
Edvfetr^Roh. Efq;
Earl oVRtthts — _
Earl of Effext — ~
Lord Haddfngtoiin —
Marquis Vt -Wmchefter
Jo f. Banks Ef<q,'
WiUinwClietxiiynd Efq; _
1 Col. MonigotAery.
Sir Montague Blundel.
Sir Wtljred Lawfon. __ _
WiOiam Toung Efq;
Col. Grabame — ;
/. /.
2000
at
180
February 1 y; — _ti
IOOO
at
178
March 1.
5000
at
174*
Ditto.
5000
at
182
Dim 1 1.’
2000
at
200
Ditto 17.
IOOO
at
250.
Ditto 21.
3000
at
275
Ditto 22.
4000
at
280
The fame Day.’
2000
at
275
March 23.
IOOO
at
272
The fame Day.’
6000
at
275
The fame Day.
2000
at.
2S5
The fame Day.
3000
at
28s
The fame Day.
•2000
at
300
March 15.
2000.
at
305 ..
The fame Day. 1
2000 ;
at
.308
The, fame Pay.
3000
at
310
The fame Day.
IOOO
at
The fame Day. ,
3000
at
31°
. The fame Day. :
2000
at
3 * 5 -
The fame Day.-
2000
at
318
The fame Day.-
IOOO
at
320
The fame Day.
3000
at
330
The fame Day.
3000
at
280
March 22,
Printed image digitised by the University of Southampton Library Digitisation Unit
( 45 )
were all read to this Examinant by Mr. Knight, out of the faid Green Book, and are 6£
the fame Nature; and couching thefe Sums, he fays the fame as he has laid concerning
the lirit mentioned Sums of 30,000 /. and 2000 l. charged to be fold to the Lord Chetwyni.
As to the Art icle of the 15th of February, 1719, of 4000 /. Stock, and charged to be
fold to Lieutenant General Pepper at 180/. per cent, this Exa'minant fays, It is of the fame
Nature as the fil'd mentioned Sums; and farther, this Examinant believes that General
Pepper had fuch Stock taken in for him by Mr. Knight.
Mr. Knight, fomc time after the faid 15 th of February , telling the Examinant, That he
had fold ic for the General, who was angry at his felling of it fo foon, Stock foon a/ter
riling higher ; and the Examinant believes (if there was any Difference) the fame was
paid or accounted for by Mr. Knight, to General Pepper.
As to the Article of 40^0-/. at 27 6 l. per cent, and 3.000 /. at 300 /. per cent, of the 23d
ar.d 25 th of March, charged; to Sir William Gordon, the Examinant fays. They arc of the
fame Nature as the full mentioned Sums ; and farther, that he had feveral Times fe'en
Sit William Gordon with Mr. Knight, and verily believes the Accompts of the faid two Sums
were adjufted between them.
As to the Article of the 1 jth ot February, of 20,000 l. to Lord Gower, he fays, That that
was a Tran fact ion of Mr. Gibbon’s, that he was prc lent when Air. Gibbon brought to Mr.
Knight a Paper, containing the Names of Perfons to whom he had difpofed of the Com-
pany’s Scock, faying, Here is the Aceompt of the Stock which I have difpofed of. That he be-
lieves the following Names and Sums, viz..
1 . 1 .
Lord Gower for the faid - 20,000 at 1S0. February 15.'
Lord Lanjelowa for - 5 ,000 at 1 So. March 1 .
His Lordlhip more - 5,000 at 17 6\. The fame Day 'i
were contained in the Paper of Mr. Gibbon, and from that Paper were entred by the Ex&?
minant iu the faid Accotnpt of Scock fold ; that he does not know that rhefe Names
were in the Green Book, but believes an Aceompt was kept between Mr. Gibbon and Mr,
Knight, in the faid Green Book, the Examinanr having feen Mr. Gibbons Name in 'that
Book, at the Head of an Account, and believes that thefe Sums were held ot taken in
for the Ufe of the faid Lord Gower and Lord Lunfdown.
That the following Entries in the Aceompt of Stock- fold; 3 dafi , 1
1000 1. to Sir Cop. Bpmpfeld, at 275 per cent. March 22. . .
1000 /. to Mr. John Bump field, at the fame Price and Time. -
1000 /. to Sir John Bland, at the fame.
1000 l. to Sir 'Thomas Seabright, at the fame,
x 000 /. to Henry Dracfcs, Elq; at v6o l. lame Day.
iooo /. to Charles. Longueville, Efq; at 325 l. Morel? a.y._
1 000 1. to Sir William Carew, at 300 /. March 31. ""*•
were all brought by Mr. Cheftcr to Mr. Knight, in a Taper,, containing an Aceompt of
the Stock difpofed of by him, in the fame manner as Mr. Gibbon brought ' his particular
Sums, and from chac Paper the Examinant (by Mr. Knight’s Dire&ion) ent-red thefe Sums
in the Aceompt of Stock fold.
That in Difcourfc with Mr. Knight , fince this Enquiry began, Mr. Knight has often
exprciVed a great deal ofUneafincfs on Account of Stock fold and bought for the Compar
ny, faying, He had in thefe Affairs obliged feveral Pe. fions, whom he did not care to name.
Your Committee, at the Kequeft of thc_ faid Mr .Fonefier, examined Mr. Jehu Mark;
Banker; and as to the Article of the 23d of March, 1719, of 1000 /. South-fea. Stock char-
ged to be fold to the faid Mr. Fonefier at 172 l. per cent, he fays, he did about this Tinie
buy ar Market fot*Mr. Forrefier, 2000 or 3000 /. South-fea Stock, at or about that Price,
and that Mr. Forrefier being, difappointed of Money to pay fpr .1000 l. of it (Sir Lam bat
Blackwell, who had boughc an. Annuity of 100 /. of him, not paying for it, becaufe of ap
Objection to rtleTitle) Mr. Fonefier applied to the Examinant to lend him Money upon
the 1000 /. Stock, for two or three Days, which the Examinant not being able to dp,
fee defired him to get it for him of a Friend ; upon which the Examinant applied to Sic
Lambert Blackwell, and he told him, he would ask Mr. Knight to. do it, . which Mr-. Knight,
by Sir Lamberts Defire, accordingly did, upon the Examinant’s engaging copay h;m the
Money in a few Days, and the Examinant named Mr. Fonefier to Sir Lamhet Bl&kwell.
N .The
Printed linage digitised by the University of Southampton -Library Digitisation Unit
r & )
The Examinant afterwards told Mr. Forrejler, He had got the Stock taken in for him.
for a few Days, but did not tell him by whom.; that in a fliort Time afterwards, Mr.
Forrejler paid the Examinant the Principal and Incercft, and the Examinant paid Mr.
Knight.
Mr. Mark , in a fubfequent Examination, fays. That (to the be ft of this Examinant’s
Remembrance) the 1600 l. Stock (mentioned in hi? former Examination) was by Mr.
Forrcjley s Direction, transferred to Mr. Sambmk by this Examinant, before. this Exami-
nant paid Mr. Knight the Money mentioned in his laid former Examination.
Sir Lambert Blackwell being likcwife examined, at Mr. Fmeflers Rcqueft, fays, That
about February or March 1719, Mr. Mark told the Exam inant, That he had bought 1000
/. Stock for Mr. Forrejler, and that Mr. Forrefler Wanted Money for a few Days to pay
for it ; Mr. Mark defiled the Examinant to (peak to Mr. Knight, to advance the Money,
(which the Examinant accordingly did; and the Examinant afterwards told Mr. Mark,
thar Mr. Knight did advance the Money) upon his agreeing to repay it ; and that he,
Mr. Mark , repaid it with Intcreft, very loon after it was fo borrowed.
Mr. John Edwin being alfo examined, at the Defire of Mr. Forrejler, fays, He never
heard of the faid 1000 /. till the Accompt of Stock fold was laid before the Houfe : That
fince that Time he met Mr. Forrejler at a Tavern, who feemed to be much furprized at
the Charge of 1000 l. Stock ro him, and declared that he knew nothing of it ; and he gave
the Examinant, and the reft of the Company there, fuch a Relation of the Matter, as in-
duced them to believe he was clear of the Affair; but the Particulars of this Relation this
Examinant cannot remember.
As to the Article of 2000 /. Stock charged to Sir Montague Blundcl (now Lord Blmtdel)
your Committee (at his Lovdfhip’s Rcqueft) examined William Chetwynd Efq; Charles
Colebourne , and Mr. Robert Surman. Mr. Chetwynd fays. That on or about the 2 8 th Day
of March 1720, the laid Lord Blundel defired this Examinant to transfer 500 /. Soutb-Jea
Stock, which the Examinant had in Truft for Lord Blundel , to Mr. Knight, as an addi-
tional Security for 1000 /. Stock taken in by him for Lord Blundel , at 31 6 l. per cent, a-
mouuting to 3 tt>o /. which the Examinant accordingly did.
That the Examinant thinking the faid 500 /. Stock, together with the faid 1000 l.
Stock, more than a fufficient Security for the faid 3 i< 5 o /. did apply to Mr. Knight to take
in 1000 /. Stock for him (the Examinant) upon the faid 5000 /. of additional Security,
at 320 l.per cent, or thereabouts, which Mr. Knight complied with at the foie Requeft and
Defire of the Examinant.
That neither this Examinant, nor Lord Blundel, have received any manner of Profit or
Advantage by cither of the faid rooo l. Stock, for the faid 2000 l. now remains in
the Hands of Mr. Knight, or his Agents, together with the 500 l. Stock additional Secu-
rity, which they in all Probability muftlofe in this Affair.
The faid 2000 l. Stock are diftinft Accompts..; for this Examinant did transfer to the
faid Lord Blundel’ s Ufe, 250 /. Stock being his Shafe-of the additional Security aforelaid;
and this Examinant did believe, when this Matter watr-tniqja&ed, that it was an Ac-
compt with Mr. Knight only, wherein the Company was nowaysSorrceun^.
The faid Charles Colebourne being examined, fays, He did, on or abouttfie^ iSth of
.March 1720, buy 1000 l.South-fea Stock, by the Dire&ion of Mr. ’Thomas fjoldip and Mr.
William Chetwynd , or one of them, but for the Accompt of the faid Lord Blundel , at the
Rate of 3 1 6 l. per cent, which Stock was paid for by Mr. Surman, by Order of Mr. Knight ,
on or about the 28th Day of the faid March 1720, and at the fame Time 500 l. more
Stock was transferred by the faid Mr. Chetwynd to the faid Mr. Surman, which (as the
faid Mr. Chetwynd then informed this Examinant) was fo transferred for, and as a farther
Security for the Repayment of 3160 I. then paid for the faid 1000 /.Stock, at the faid
Rate of 3 16 l.per cent, with Intercft for the fame.
The faid Mr. Surman being examined, fays, There was 2000 /. Stock charged to Lord
Blundel, read to the Examinant out of the Green Book, as he has faid in a former Exa-
mination.
That about the a« 5 th of March, 1720, William Chetwynd, Brothe*-in-Law to Lord
Blundel, transferred 500 /. Stock to this Examinant, which he underftood was an ad-
ditional Security for Stock taken in by Mr. Knight ; That after the Enquiry began in
Parliament about the Soutb-Jea Affairs, Mr. Chetwynd came to the Examinant to know
how that 500 /. was applied ; and the Examinant told him, it ftill remained due from
him to Mr. Chetwynd, and at that Time Mr. Chetwynd told the Examinant, it was a
Security taken in by Mr. Knight for Lord Blundel and himfelf ; and this Examinant
believes Lord Blundel was then with Mr. Chetwynd-, he fays. The faid 500 /. Stock is
now in the Examinant’s Hand, for which he is accountable to Mr. Chetwynd , by rea-
fon
Prinled image digitised by llte University of Southampton Library Digitisation Unit
( 47 )
fen tfcc Examinant, thio’ the Hu try of Enfinefs had ncglcfted to take Directions fro re.
Mr. Knight how to apply ic.
The laid Mr. Robert Surman being at die Requeft of Thomas JVy.ra Efq; farther ex-
amin’d by your Committee as to the (aid Stock faid to be fold by him ; fays. He
can fay no more concerning that Matter than he has faid in his former Exami-
nation.
Sir John Blunt being examin’d the :6th of January 1720, fays, He wds privy to the
felling of Stock for the Company; chat he did himfelf difpofe of 6000I. part of the Com-
pany’s faid Stock, to Col. Monroe , a Member of Parliament, at 275 I. per cent, thar to the
bell of the Examinant’s Remembrance, Col. Monroe, de/ired fome Stock to be taken iri
for him (that is, to have the Money advanced for him for fo much Scock) that he fent
one Lopez, a Broker to him, to take it in ; but this Examinant had Leave from fome of
the Governours and Directors to let Mr. Monroe have fo much of the Company’s Stock ;
and upon that, this Examinant told the Broker, he would take it in for him, and. fell ic
himfelf; that there was no Stock transferred, but this Examinant gave Mr. Knight an
Account, of fo much of the Company’s Stock fold to Mr. Monroe ; that in Jpril la ft (to
thebeft of his Remembrance) Col. Monroe , or his Brother, defired his Stock might be
fold, and upon that this Examinant referred him to Mr. Knight to deliver it ; that he
does not know that Col. Monroe gave any Security to the Company to anfwer the 275 I.
per cent, other than the faid Agreement made between this Examinant and the faid
Broker.
That he alfo difpofed of 1000 1 . other par$ of the Company’s faid Stock, to Jofeph
Banks Efq; (a Member of this Houfc) at 310 1 . pe> cent, who dclired this Examinant
to fell him fo much Srock at the Market-Price, and to take his Note, payable in a
Month or lix Weeks, lor the Money, which he accordingly did, which was paid about;
May following, at which Time the Stock was advanced in Value; and this Examinant
paid that Money to Mr. Knight for the Company’s Ufe, foon after he received it.
That after the Time of agreeing with Mr. Banks for this Scock, it fell in Value for
fome Time ; that this was thus tranfafted : Sir John Blunt gave Mr. Banks a Note to
transfer that Qiianticy of Scock, and took Mr. Banks’s Note for the Money : fome time-
after thefe Notes were given, and after the Money paid, Mr. Banks defired to borrow
4000 I. (as he believes) on this Scock; thac he believes Mr. Knight took this Examinant’s
Note as fo much Stock ; that he believes Mr. Knight lent him 4000 1 . accordingly in
June laft ; that he had no View towards the facilitating the Bill in the difpofal of this
Stock, the faid Mr. Monroe and Mr. Banks being inclined to pafs the Bill, before the
Stock was difpofed of to them, as they had declared go him. ' Your Committee, at the '
Defire ot the laid Col. Mosirce, examin’d Gabriel Tope z. a Broker, as to the faid 600'd li
Stock charged to be fold to Col. Monroe ; and he fays, That about the middle of March '
175-0-, the faid Col. Monroe fent for him to Gar rowdy’s Coffee-Honfe, and gave him z
Letter directed to Sir John Blunt, in which (to the belt of the Examinant's Remem-'
brancc) Colonel Monroe defied him to take in for him 6000 I. Soutb-fea Stock at Lite-'
refl, and that he would repay him again in a Month. - - Ac the fame - Time, ColoneL
Monroe ordered the Examinant to buy for him the fajd Sum of 6000 1 . South-fea StOck;
which this Examinant did at the fame Time, of Sir John Blunt, at 277 1 . per cent.
which was the then Market-Price ; and Sir John Blunt did at the fame Time agree to'
place the faid Sum of 6000 1 . South-fea Stock fo Col. Monroe’s Aceomnt ; and fays,'
That within a Month afterwards. Col. Monroe ordered him to fell the fame 6000 1 . South -
feu Scock again ; which he accordingly did, to Mr. Paterfon, at 330 L per cent. And
Mr. Patcrjou and Mr. Surman, by Order of Sir John Blunt, did adjuft the faid Stock
with Colonel Monroe, who did (to the bell: of his Remembrance) pay about So 11 '
for Intcreft, and Sir John Blum gave the Examinant Commilfion for felling the faid
Stock.
The faid Thomas Paterfon being hereupon examined by your Committee, at the De-
fire of the faid Colonel • Monroe , he fays, That at the latter End of March 177V, CoU
Monroe defired the Examinant to lay out fome Money for him in South-fea Scock ; upon
which the Examinant gave the Col. a Letter of Credit on Mr. Lopez, (who tranfafted
mofily the Examinant’s Bufinefs) to aft for the faid Col. Monroe , to the Value o£
20,000 1 . in a Day or two after (the Examinant fays) the Colonel intreated him to take
in 6000 1 . South-fea Stock for a Month, which Stock he would purchafe, the Exami-
nant being much out of Cafb, which prevented his complying ; he went with the Co-
lonel to the S-word- Blade Company, and proffered himfelf as a farther Security to Sir'
George Cafwall, if he would take in the faid Stock. Sit George acquainted them, He
N 2
lage digitised by the University of Southampton Library Digitisation Unit
Printed ii
( 48 }
had difpofed of all the Money lie could fparc, and then the Examinant came from the
Smrd-Bliide Office with the Col. to Garq-xay s Coffce-houfc ; Sir John Blum being it .
the Coftcc-Room, the Examinant faid to the Col. you arc acquainted with Sir Joint
Blunt, he is a Moncy’d Man, ask him to lend die Money on 6'ooo 1. South-lea Stock, and.
tell him, I will be a farther Security for feeing the Money repaid. Upon this the Col.
went to Sit Johu Blunt, and in a little Time after the Examinant went to them, and
told Sir John Limn he would be bound for any Money lie fliould lend the Col. on Stock,
which Sir John Blunt did not objedt to; and from that Time the Examinant thought
himli.lt hound to fee the Money repaid, which Sir ‘John Blunt fliould lend the Col. on
Stock; and in a lew Days alter, the Col. acquainted the Examinant, that Lopez, had
bought for him 6c o a 1. South-fea Sock, at =75 I. fur rent, and that Sir John Blunt had
lent' the Money, and defired the Examinant to be ready to aufwer the Difference if any
fjj ou'Ul happen ; the Examinant cold the Col. he was ready, when Sir John Blunt ffiould
demand it. That in the Beginning of April, Sir Jo bn Blunt ac the South-fea Houfc, told
tiic Examinant he fhci.ld wane his Money before the ift of May 1720. and thereupon
the Examinant allured him he might depend on its being repaid, for he would fell the
Stock and fee it perform'd. Accordingly the Examinant fold the Stock in April, and
Sir John Blunt fent the Examinant’s Broker to Human to deliver t he Stock : fays, the
Money with I mere ft was repaid Summit on the Delivery of the Stock, and that he did
rot know Sir John Blunt fold the Stock, or that ic was the Company’s, till January laft,
for the Tranlactton appear’d to the Examinant as if it had been upon Sir John's own
Account. .
Your Committee having received a Letter from Mr. Banh, defiring that Sir John Blunt
might be farther examined as ro the faid 1000 1. Stock : Your Committee accordingly again
examin’d him, and he fays, that lie never did tell Mr. Banks that this was the Com-
pany’s Stock till about Chriftmafs laft, and he believes till that Time Mr. Banks did not
know that it was fo ; that about Chriftmafs laft, after this Enquiry began, the Exami-
nant Went to Mr. Bunks , and told him, this 1000 1. was the Company’s Stock ; at which
M r. i>rtw/\r was very much fnrpmed, but faid. That it lignified notning to him, or to that
Elicit: The Examinant fays, he al/o (by the Direction of Mr. Knight) offered to leave
Mr. Bunk's Name out of the Lift, which Mr. Bunks l'efufcd, faying, as he had bought ic,
and honeftly paid for it, and more than, he could have afterwards have bought it for, he
would not have Tijs Name cancelled, or to that Etfeft ; chat Mr. Banks alfo a Day or two
afterwards wrotjc tlic Examinant a Letter to this purpofe, which Letter he has at p refute
mifiaid.
Your Committee likewife, at Mr. Bank's Reqqeft, examin’d Mr. Jofeph Banks Jun. his
Son', who fays, chat he was not ptefenr, either when his Father Jofeph Banks Efq; bought
the laid J 000 I. South-fea Stock of Sir John B/jsiit, or paid him 3100 I. fpy ir, on the 6th
of jl lay 1720. but was informed thereof by his Lather, who talked of it p.ublickly, not
as a ^ ay our done him, nor a Thing to be concealed, Tvw-as^anaccidental Bargain, and
oJt?u faid, lie conl'd have bought ic foon afterwards, near ySa-irxhe aper in
AM
'(That .about the 9th or 10th of June, when Stock was 750 I. per cent, and the Sotith-
fe£ "Company were making a Loan of 400 1 .per cent, on their Stock, the Examinant defired
liis Lather' either to borrow or let him Sferrow 4000 1. on that Stock ; which he confirmed
r6j but tjold the Examinant, that Sir John Blunt (to fave the Charge of a Transfer and
being in' a Hurry )."had only given him a Note for transferring the faid Stock, and then
gj-v’c' the'Exaininant -the faid Note, of which he kept a Copy, and the fame is in the fol-
lowing Words.
- - May 6 th, 1720.'
I promife to transfer to Jofeph Banks Efq; or
Order, xooo l. South-fea Stock , Value received.
J o u,N Blun t;
Which Note the Examinant On the loch of June carried to the South-fea Houfe, and
enquired for Sir joint Blunt ; and after fome Time found out the Room at the Bottom
of the great Stairs, where he was with feveral ocher Gentlemen, and was called in, and
iheviing him the Note, told him. That he was come to have the Jaid loco I. Stock
transferrd to Mr. Banks, which Sir John Blunt faid he would do immediately ; but there
being then a great Crowd, he defired the Examinant to ftay a Quarter of an Hour,
winch the Examinant accordingly did, but the Crowd ftill continuing, Sir John Blunt
refufed
Printed image digitised by llio University of Southampton library Digitisation Unit
( 49 )
rcfu fed to go; at which the Examinant being angry, and not willing to wait any longed
Sir J ohn (i aid, he would defire Mr. Knight to do it for him,, and that he would transfer
the like Sum to Mr. Knight another Time : Which the Examinant confen ted to, and gave
him up his laid Note, taking of him at the fame Time another Note, in the following
Words.
June ioth, 1720.
/ promt Je to transfer to Robert Knight Efq; i
or Order 1000 /. South-fea Stock. Value
received xooo /. South-fea Stock 0/ John
Banks Efq;
iv* John Blunt-
Which Note the Examinant immediately conveyed to Mr. Knight in a Room upStairs
at the South-fea Houle ; and having acquainted him with the Matter, -gave him Sir John
Blunt’ slall mentioned Note, upon which he made an Entry in a Book, which the Exa-
minant fays, he thought was transferring ir, bur the Examinant did not fign any Thing,
,but received from Mr. Knight 4000 /. for his Father s Ufe, as a Loan upon the faid Stock ;
which Mr. Knight very readily paid him, without taking any Note or Security for it from
the Examinant, fave the delivering up Sir John Blunt’s Note, as aforefaid.
That there was not one Word palled from Sir John Blunt to Mr. Knight, as if that
Stock had been the Company’s Stock, nor did the Examinant think, or in the lcafl fufpeft
it to be fo ; chat the faid 4000 l. is not yet repaid, but remains due upon the faid Stock,
for ought he knows.
Your Committee, at the Requeftof Col. Scot, examin’d Charles Afgill ; who fays. That
on or about the ifiDay of April 1720, he did, by the Order of Mr. Thortths Paterfon, buy
of Matthew Wymondfold , 1000 l. South-fea Stock, at 309 l. per Cent, to be paid for on the
4th of the fame Month ; that applying to Mr. Paterfon for the Money to pay for the fame,
he ordered this Examinant to go ro Mr. Knight in the Name of Col. James Scot to borrow
it : that the Examinant accordingly went, but Mr. Knight would lend no more than
2500 Lon. the faid 1000 /. Stock, being after the Race of 250 /. per Cent, of which this
Examinant acquainted Mr. Paterfon ; who approving thereof, gave this Examinant 590 /.
to reduce the faid xooo /.Stock from 309, to 25:0 l. per Cent, which being done,
the laid xooo /. Stock was, on the faid 4th of April 1720, transferred by Mr. Snrman,
by Mr. Knights Order, at 250 l. per Cent, that tin's whole Affair was nan faded by the
Dircftion of Mr. Paterfon, and the Examinant did not know Col. Scot till a confiderable
Time after. •
.The faid Mr. Afgill being alio examin’d, at the Rcqueft of Col. Montgomery, as to the
faid 2000 /. Stock charged to be fold ro him fays, That on or about the 29th of March
1720, this Examinant, bythe Order of Mr. 'Thomas Paterfon, went to Mr. R^be.t Knight
in the Name of Col. Montgomery, to borrow Money on 2000 /. South-fea Stock, which
Mr. Knight complied with ; but faid, he would lend no more than 5000 l. on 2000 /.
Stock, being at the Rate of 250 /. per Cent, unlefs 500 /. Stock more was transferr’d to
him, or his Order, as a farther Security, and then he would lend 6300 /. being after the
•Rate of 315 l. per Cent, the then Market Price; but told this Examinant, That if the
Gentleman had not bought the faid 2000 /. Stock, not to let him buy it, for that he
(Air. Knight ) would fell it him, rather than puzzle his Accompts with Transfers, and
being at die Trouble of railing the Money; of which this Examinant acquainted Mr.
Paterfon, who. approving thereof, ordered the Examinant to buy the faid 2000 l. Stock of
Mr. Knight, which he did accordingly at 31 5 /. per Cent, and Mr. Knight agreed to con-
tinue the faid 2006 l. Stock in his own Name, bn Condition that the faid 500 1. Stock was
•transferred as a farther Security for the taking of the faid 2000 /. Stock, and Payment of
the faid O300 l. being 3 1 5 k per Cent, agreed to be paid as aforefaid with Intereff, which
500 /. additional Stock was accordingly transferr’d to Mr. Surman by Mr. Knight’s Oj’dct
an the fame Day, or the Day following; that this whole Affair was tihrifacted by Mr.
Paterfon s Di reft ion, and that he did not know Col. Montgomery, till d Month after, oc
longer.
. -Your Committee examining the faid Mr. Paterfon, at the RecfuOft of the faid Col.’
-Scot atid Cob Montgomery ; -He fays. That about the latter End of March 1 719, Col. John
-Montgomery add.Col. Jititfis Scot, defiled the Examinant to' buy forfte South-fea Stock for
their Ufe, and upon their Account, which the Examinant confented to; and thereupon
O fent
rage digitised bytlie University of Southampton Library Digitisation Unit
Printed L
( 50 )
fent for "Mr. Afgffl a Broker, arid gave him Diredions to buy 3000 /. Sotttb-fea Stock, viz'.
2000 /. for Col. Montgomery, and 1000 l. lor Col. Scut, and told Afgi/l lie would give any
Security that fliuuld be demanded by any Perfon who would take in the faid 3000 /. Stock.
jlfgi/l then faid to the Examinant, he would go and propofe it to Mr. Knight ; and Afgill
returned to the Examinant in half an Hour, and acquainted the Examinant, Mr. Knight
would take in 20000 1. Stock for Col. Montgomery, it 500 /.more Stock was translated to
him forfecuring the fame : And that Mr. Knight would lend 2500 /. Money on ux o /.
Stock for Co\. James Scott; both which the Examinant approved of, and order’d Afgill
to buy the 1000 /. Stock lor Col. James Scott, and gave him Money to reduce the Stock 10
250 /. per Cent and the Examinant transferred the 500/. Stock to Mr Knight, or Mr.
Surman, as an additional Security for the faid 2000 /. Stock taken in by Me. Knight forjCol.
Montgomery.
Sir John Blunt being examined, and asked whether he did not know, or believe that the
, faid 574,500/. Stock, or any Part thereof was fo difpofed 'of to facilitate the pairing
of the Bill in Parliament? he fays. That the firft Parcel (to the beft of his Remem-
brance) of the faid Stock which was fo difpofed of (as this Examinant was informed
by Mr. Gibbon, one of the Dire&ors) was about the Sum of 20,000 /. or 30,000 /. fold or
difpofed of by the faid Gibbon to the Lord Gower, before the palling the Bill, but cannot
fay at what particular Times ; and believes, and was informed by the faid Gibbon (to
the bed. of his Remembrance) chat the Intention thereof was for the Service of, and to
make more Friends for the Company, and he does not know at what Price: That he does
noc know whether any Money was or was not paid to the Company for the laid Stock,
nor does he know any Thing more relating to the fil'd Tranfaction.
Your Committee examining the faid Mr. Gibbon as to the Accorapt of Stock enter’d in
the Calh-Book to be fold ; he fays, he never faw any Accompt of it, but what is in the
Eook, until a Paper drawn up by Mr. Knight was fliewn him, after the Order of the
Houfe of Commons, and he looked upon it, but curforily.
He fays. That about the latter End of February I all, Mr. Knight faid to him, It would
be for the Company’s Advantage to fell lomc Stock, it being then at a good Price, be-
tween 1 70 and 1 80 /. per Cent, and if the Bill did not pafs, it would be well fold, and if
it did pals, the reft would fell at a better Price ; that he does not know that the Company
had then any Stock to difpofe of.
That Mr. Knight, faid he, was to take upon himfelf the tranfafting that Stock, and the
Perfons to whom it was to be delivered were to be accomptable for the Price ; but that he
was to tranfaft this on Behalf of the Company ; and that the Perfons who were to have
it, might cither have it transferred to them, or take the Difference.
He "does not know of any Stock difpos’d of to any Member of either houfe of Parlia-
ment, except what is mention'd to be done by him in the Accompt delivered into the
Houfe ; a hd does noc remember any one elfe delired Stock.
He believes that Mr. Knight told him, that Mr. Holclitch and Mr. Hawes difpos’d of
Stock to Members of the Houfe of Commons, who are not named in the Accompt delive-
red into the Houfe. —
As to the 20,000 charged in the Accompt to Lord Gower, he fays, that Lord Gow-
er fent to him about the latter End of February laft, to help him to buy 20,000 /. Stock,
which this Examinant faid he would try to do, and believed he could do it; that
the fame Day, or the next Day, this Examinant fpoke to Mr. Knight, and asked him
to undertake to deliver this Stock at 3 Months Time at 180 per cent, which he com-
ply’d with; and this Examinant toekMr. Knight's Note for fo much Stock accordingly;
and ir was underftood thac the Stock was to be deliver’d 3 Months after, it being noc
paid for before, with inrereft in the mean Time : That lie gave Lord Gower his own
Note for the Delivery of this Stock in 3 Months, and took his Lordfliip’s Note to ac-
cept it, and paid the Money in 3 Months Time with Intereft; in the mean Time, thac
there was 4000 /. South-fea Stock transferred to this Examinant, by a Steward of the
"Duke of Rutland's; and Lord Gower told the Examinant, that the faid 4000 /. Ihould
be transferred to him as a farther Security, and thac the Duke of Rutland was con-
cerned in the Bargain ; fays, Thac the Stock was accordingly transferred to him a few
Days afterward ; and the Lord Gower told him, fome Part of the 20,000 /. Stock was after-
wards fold at about 300 /. per cent, (as he believes) and this Examinant faid, Thac
Mr. Knight receiv’d the Money, and kept the Accompt of it, and believes that Lord
Gower did not know that Mr. Knight tranfafted it; and fays, Thac this Examinant’s
Agreement with Mr. Knight for the Delivery of this Stock, was abfolute in all Events;
when .Mr. Knight afterwards, upon making up the Accompt of Stock fold, told this Exa-
minant, That this 20,000 /. was Company’s Stock, and muft be put down fo ; the Exami-
nant
Printed image digitised by the University of Southampton Library Digitisation Unit
nant faid, then he mnft give him hiS own Name* anti the Name pi Lord Gower] ro Wkotn
it was difp6s*d of; believes, that other Part of this Stock was fold at 350 per cent.
and the other Part at 400 l. per cent, and that no Part of the Money was paid by Lord
Govm-y till after the firft Parcel of the Stock was fold, which was much fooner than the
Time of Payment; and the Accompt was made up by Mr. Knight , about the End of
three Months. ...
As to the two Sums of 50 ( l'. Stock each charged in the Accompt to Lord Lanfidoratu
this Examinant had a Note from his Lordfliip for Acceptance and Payment.' and his
Lordfhip agreed to give Security, but the Price of Stock rifing, this Examinant did not
infill upon it.
He believes, that both Parcels of Stock were fold in about a Month’s Time, and that
Part of it was transferred to Lord or Lady Lanfidoxon, and the Accompt of it was made
up, and the'Money to be paid allowed with Intereft : That this Examinant believes.
Lord Lanfdmn had no Knowledge of this being the Company’s Stock; that he gave
Lord Lanfidoiott two Notes for Delivery of the Stock, and depended upon Mr. Knight fat
it; and believes Mr. Knight intended, ro charge the faid Lord Lanfdowns Stock to the
Company’s Accompt, if he could get it allow’d, orherwife he was to anfwer it himfelf.
And this Examinant took a Note hom Mr. Knight to himfelf, for Delivery of the faid
' 20,000 l. Stock, and alfo of the faid two 5000 /. Stock ; and that the Lord Lanfdowns
Name was inferred in the Accompt, in the fame manner as Lord Gowers.
Mr. Cbejlcr- being examin’d, fays. That the Stock lie difpos’d of to Members of Par-
liament, chey actually bought of him, and he believes knew not, that Rich Stock was the
•Company’s; After inch Members had bought the Stock of him, this Examinant went
to Mr. Knight, and bought fo much Stock of him, and ordered him to deliver it to thole
Gentlemen, to whom he had fo fold it ; and after he had agreed with Mr. Knight ,
the Examinant referred them, to Mr. Knight , with whom he believes chey trail-
fatted it.
That the Dates enter’d in the Accompts of Stock are not true, as he believes.
That the Perfons to Whom he fold the Stock were.
Henry Brack Efq;
Sir Cupp. Bump field,
John Buvipfield. Efq;
Sir John Bland,
Sir 'Thomas Seabright ,
Charles Longuevi/le Efq;
Sir William Carew K.c.
l. 1.
1000 at 2<5o per tent.
1000 at 275 Ditto.
1000 at 275 Ditto.
1000 ac 275 Ditto.
1 000 at 275 Ditto,
tooo ac 325 Dittos
1000 at 500 Ditto.
which two fail, (by Reafon of the Prices) he believes, were after the Bill paffed.
That as to Mr. Dench’ s, the Exaniinauc fays. There had been feveral Years Dealings
between him and Mr. Bracks, the Examinant feldom receivinglefs than 4000 /. per Annum ,
on Mr. Draclts Accompt, and there was a running Accompt between them at the Time
ol: this '1 ranfattion ; that Mr. Dracks fome Time after the buying the Stock for him,
did pay the Examinant 2600 l. for it, and the Examinant forthwith paid that Sum to
Mr. Knight, or Mr. Human, for the fame.
As to Sir Copp. Bump field, Mr . B amp field. Sir John Bland , and Sir Thomas Seabright,
the Examinant fays, He had Letters from them for the Acceptance of fuch Stock, and
particularly from Sir Copp. and Mr. B.vnpfie/ds ; and fomc Time after Stock being fall’n
30 or 40 per cent. Air. Bampfield came to the Examinant, and told him, That Sir Cpp.
and himfelf were ready to take the Stock whenever lie plcafcd ; and about the fame Time
Sir William Carew made him the faid Offer.
Sir John Bland's Stock was afterwards (as he believes) fold for himfelf by Mri
Knight.
That Mr. l.ongneville came to the Examinant, and offered the Money for his Stock ;
and the Examinant acquainted him, chat he had cranfacted it with Air. Knight, and fene
Mr. Longueville to him, and he paid the Money to Mr. Knight, as the Examinant ve-.
rily believes. - _ ■
The Examinant fays, He does not know that' the Stock fo difpos’d. of by him* was
Part of the fifticious Stock faid to be fold by the Company ; but as to his Belief, he can-
not anfwer; that at Chef Time he bought this Stock of Mr. Knight , he really believed it
was Mr. Knights own private Stock, and did not know, nor had heard, that Mr. Knight
fold or tranfafted any/of the Compahy’s Stock at chat Time or before. 1 ,
That when he wanted to buy Stock, he fortietimes bought it of Mr. Knight.
.Tha?
Printed image digitised by the University of Southampton Library Digitisation Unit
( 51 )
That when he thus difpofed of the aforefaid Stock, he had a confiderable Quantity of
his own Stock ,* but he did not fell the faid Gentlemen his own Stock, but bought it of
Mr. Knight for them as aforefaid : That he did not know that this was the Company’s
Stock, till about the Time he faw the Accompr of Stock fold, prepared by Mr. Knight,
to be laid before the Houfe ; and then Mr. Knight cold him. That the Stock which he
had fold him, was Part of the Stock fold by the Company.
Sir Robert Chaplin being examined as to the ioooo /. South-fea Stock fold to him and
Edward Rolt Efcj; by Mr. Knight , in February 1719, at 174W. per cent, fa)S the Agree-
ment with Mr. Knight for this Stock was verbal, and neither the Examinant nor Mr. Ro/t
gave any Note to pay for it ; that neither he nor Mr. Rult knew it was the Company’s
Stock, out thought it was bought with Mr. Knight’s Money; that Mr. Knight and he
-going in a Coach together to Weftminfler, the Examinant complained he had not Money,
-upon which Mr. Knight ottered to buy 5000 /.Stock lor him ; that at Weflminfter Mr. Rolt
:made t/ie fame Complaint ol Want of Money, and the Examinant told him what had
palled between him and Mr. Knight ; and then Mr. Rolt and the Examinant agreed to
-have ioooo l. Scock in Partnerlhip, Mr. Knight agreeing to get it for them ; that Mr. Rolt
and he afterwards agreed to fell this Scock at 197 /. per cent, and Mr. Knight paid them
•the Difference of the advanced Price.
Sir John Fellows being examined as to the fictitious Stock fold, fays, That he heard
•that Mr. Rolt of Hertfordjbire had fomc Stock held for him by the Company ; and fays,
That he did not pay the Money for ic, (as this Examinant believes ; ) that he lias aifo
heard Mr. Wynn, a Member of Parliament, had fome Stock held for him in the fame
manner, without paying for it (as he believes : ) That he believes, he has lately heard,
that Lord Lat.fdowu and Lord Gower had fome of this Stock held for them in the fame
manner : And that thefe Things were generally tranfafted by Mr. Knight, and that lie
Jliould rather believe that 110 Money was paid by them for it.
•Mr ..James Cole brook being examin’ed, fays, That in December 1719, he became ac-
quainted with Sir William Gordon (one of the Commillioners of the Army Accompts)
the Examinant then having a Memorial depending before the faid Commillioners :
That he was told by Mr. Dent, a Cleric there, Thar Sir William feeing that Memorial,
asked him. If it was the Examinant’s ? Which Mr. Dent faid, It was; chat the Warrant
upon ic was fignea', and Sir William came to the Examinant the next Day, and cold
him he had figned his Warrant, and delired fome of the Subfcription, which the Exa-
minant then took in ; and he defired to have 5000 J. of it ; the Examinant told him, He
would fpcak to fome of the Managers, which he did ; and thereupon Sir William Gor-
don had 2000 /. of that Subfcription, and the Examinant gave him 3000 /. of his own -
that this was the Beginning of his Acquaintance with Sir William Gordon-, that on or
about the 17th ot February 1719, Sir William Gordon (who your Committee obferve
charged in the faid Accompc of Stock fold, to have bought 7000 I. Part thereof)
gave the Examinant Orders to give out 12 Guineas, per cent, for the Rcfufal of South-fea
Stock, for three .Months, at the Rate of 200 /. per cent. . And the Examinant the next
Day (as he remembers) informed Sir William by Letter, That- he ■ had accordingly done
at for 5000 l. Scock; that his Partner, Mr, Ruck, figned the Con tra&sfofSpstro /. Parc of
it; and the Examinant indorfed a Con trait made by Mr. Boys of Kent, for the remain-
ing 4000 /. About the middle of May, Sir William demanded a Performance of this
Bargain, which was accordingly compleated, and he believes Sir William gained confi-
derably thereby.
. That in February, or the Beginning of March 17191 on or about the Day when the
Houfe of Commons was in a Committee about the South-fea Bill, Sir William Gordon
came to the Examinant, and delired him to lend him fome Thoufand Pounds on
South-fea Stock, he believes a Sum to purchafe no lefs than 4000 l. South-fea Stock, which
the Examinant told him, did not fuit his Conveniency to do, and the Examinant re-
futed it ; he was very prefling : Upon this he defired the Examinant to go with him
to Jirtr. Knight , but the Examinant cannot remember, whether Sir William Gordon or he
fitft mentioned Mr. Knight’s Name : This Examinant accordingly did go along with
him, and they found Mr. Knight and • Mr. Hawes together in the Treafury-Room, at
the South-fea Houfe. Mr. Hawes came to the Examinant, and asked him, Who that
■was with him P He told him, It was Sir William Gordon: Mr. Hawes asked. What he
wanted ? The Examinant faid, He wanted Money , which it did not fuit his Conve-
niency to fupply him, or Words to that Effeft. Upon this Mr. Hawes went to Mr. Knight,
and Mr. Knight came to Sir William, and the Examinant told Mr. Knight what Sit
William Gordon wanted, and then Mr. Knight and Sir William went to the other End
of .the Room, and the Examinant believes, that Mr. Knight then let Sir William have
Lome of the South-fea Company’s Stock, at the then Market Price ^ without paying
any
Pruned image digitised by the University rtf Southampton Library Digitisation [Jiiil
( ■ yj )
any Money for it, but docs hpt know what Sum ; liiff Reafotl for his Belief in this Mat-
ter i.% becaufe in Convention with Sir William Gordon in May following, he told the Ex-
aminant, That lie had made up with Mr. Knight the Stock which Mr. Knight had ac-
commodated him with, which the Examinant now believes was the Company’s Stock,
which Mr. Knight had let Sir William have in February or March 1719, as aforefaid ;
that lie thiiiks Sir William mentioned his thus making it up by way of Regret, that he
fhould have made it up fo Yoon, the Stock foon afterwards riling higher than it was' at
that Time.,
The faid William Dent being examined^ fays, He did apply feverai Times to have Mr.
Culebroolt s debentures iigned , That he fpoke to all the Commiflioners, particularly to Sir
William Gordon ; That at that Time Sir William asked the Examinant, Whether Mr.
Co/ebroiik was the fame Parfon chat was concerned in the Undertaking; call’d Ram's and
Colubrouli’s Infurancc ? The Examinant told him he was : Upon which Sir William Hud
he mult have iome of it; and Sir William deli red the Examinant to meet him in the
City, for he wanted to Jpeak to Mr. Cole brook ; That the Examinant acquainted Mr.
Cokbmk thereof, and Sir William and the Examinant- met him accordingly ; but the
Examinant cannot fay whether they met at Mr. Colebrootfs Houfc or ar a Tavern,- nor does
he remember the Convention, or whether the Debenture was Iigned before or .after
that Time j That fonte Time between Chrlfhiiajs and the Expiration of the Com midi-
on, on the 10th of March 17 19, Mr. Colabrook told the- Examinant ( to the bell: of his
Remembrance) that he had- let Sir Wiltiaty Gordon have 5000 i."of the Receipts of the faid
Ink .ranee, 2000 l.-wherebf was Mr. Colebrook's, - and 3000 l.hp bought in order to accom-
modate Sir •■yViliitim. ! - *
Mr. Fi aids Himes being hereupon examined, fays, That he remembte.Sir William
Gordon came with Mr. Co/ebrook , to rhe Soutfcfed Houfe, ro the Examinant; and that
h. . . Colehook (poke to the Examinant, to recommend Sir William Gordon ro Mr. Knight,
and the Examinant believes, upon that Application, did rccommcud Sir' William to Mr.
Knight ; but tlie Examinant cannbt remember upon what Account.
And your;ComraitttLc farther acquaint, the Houfe, That in the Book mentioned in ,
their former Report CO’ haVe beck delivered unto-your Committee by the prefeht Directors '
of the South-fen Company, (Entitled, An Account of the Names offttch Perfons to whom
Locias have been nmdtr on 'South- fed St ck, who, at the Lime when fitch Loans lucre made, do not
appear b) any Books to have iiadsjhiect the Stock to the South-fen Company , for the' Security
thcref ) Yoiii Committee do find the Barnes of feverai of the Pcrlons mentioned in this
their Report, contained in the faid Accqilnt, of whole Names, as alfo .the particular
Sums borrowed, and the Stock fuppofed to be transferred by them, your Committee tjiaiy-
feribe out of the faid Books, as folio wet Ir, viz.
v»> I - °- ci ■
idX-’eafi.-J 1.
.nsnr.'d
.'j
Si
Dates.
1720.
. , - •• - 1 _ _ « C' 1
Borrotvefs 'Names ' ;
Sums faid to be
transferr" if.
k — s. • 'd.
, "Money lent
jehereon.
;L\ S.
d.
June 22.
Sir Merit ague Blundell
800 -ver - 00
3 r do
OO
00
Aug. 29.
Jofeph Banks . =- i 1
1100 co- 00
4000
00
00
7 une 10.
John Run idge — = ' —
2750 - -00— 00
w?
Oo^
00
20.
Honourable William Chtnuynd
IOJOO rta — 00
' jqcrob
00
00
22.
Henry Bracks —
I too 00 ~OT)
400b
’ 00
OO
10.
Captain Fonefler -
Iioo- 00 *00
' 400P
00
00
May 30.
Pat. Haldane — . —
3800- 00“ OO
1 1J00
00
00
June 20.
Sit Wilfred Latufon ~
1100— 00— 00
4100
do
00
Aug. 26.
The Lord Roches — —
IOOO 00 qq
490 P
OQ
.03
May 11.
Edtoard Rolt — — —
1500 00 bo
4*75
OO
• cb
Aug. 29.
Thomas Wynn — —
3300 OCT ot>
16
08
23.
William Toung — ; —
2 7*yt) oer - 00
1 3 300
00
OO
Your Committee, before tfie' Order of the Houfe for receiving this Report, had
taken feverai Examinations relating to the feveiaT Members of this Houfe, no t mention’d
in the A.ccompt of Stock fold; anijl fince "that Order, your Comm i tree have taken feverai
other Examinacions-tclating to fome oF the faid Members, and are taking fartfiec Examina-
tions;' wherefore your Committee think if proper to. con fine this Report to the;Memb~ers
mentioned in the Accompt of Stock fold, and will lay fuch other Matters ajs have,_or
frail occur to them, with all convenient fpecd before the Houfe. j
P APPENDIX,’
Printed image digitised by the University of Southampton Library Digitisation Unit
( 54 )
APPENDIX CLetter A)
Stock.
Per
Cent.
Money.
l. s.
Feb. j.
Nathaniel Halhead
5000
150'
7500
. March 9.
Ditto ■ — * r-
5000
" "
1 82
16600
' Feb. 5.
5*V Tho. Jones —
1000
ijo
1500
8.
Ditto
2000
I7c*i*
3402 10
4902 10
3000
vi/- u
TI10'. Milner, Efq;
2000
150
- - - -
John Merill, Efq;
5000
—
150
7500
March 17.
Ditto — —
5000
—
210
10500
21:
Dtfro_ —
2000
—
250
5000
23000
7500
Feb. 5.
John Barber —
- -
5000
IJO
- - - -
John Lock
2000
—
*5*
3020.
*3-
Ditto
2000
4000
1724
345P.
*4 7*
' Fel. 5.
George Muflel
1000
150
1500
Ditto
2000
- —
166
3320
Ditto
xooo
—
171
1710
4000
65300
Nathaniel Sheppard
Daniel Mufaphia
- -
2000
*55*
- *■ - -
3**5
2000
—
*57
3140
Ditto — .
500
*57
7»s
;■ 9-
Ditto ... —
2000
—
*7*.
3420
0
0
7345. i.
Charles Eyre _
■ ?•
- -
2000
170-r.
- - - -
34*°
8.
Afgill and Company
5000
170*5*
8, =;
Ditto ,
: IOOO
171
1710
. . •. i ....
Ditto — j
2000
—
I7ii
3430
*5-
Ditto
5000
—
i8j
9150
MaTcb'2'i.
Colebonr, Afgill’r Partner
IOOO
—
27O
2^00
i.I
2551J
Feb. 8.
Samuel Le/Tngham
IOOO
—
*74
I74O
Ditto — —
2JOO
—
*75
4375
Ditto ’ — —
2000
- - -
*73
3460
\Ditto — —
2000
—
*7*
3420
■ 3 m . . — - .
Ditto —
25P0
2000
- - -
171
*7*
4275
3420
- r
*5-
jbuto
g 000
*7 9
537° ■
.. l . ’ij.
Ditto
5000
182
9100
yprit 5-
aiiu —
1900
.290
2900
, . ;
Ditto — —
2000
—
290
5800 .
■
C ' > ‘
Ditto — —
IOOO
289
2890 .
VO * *
- _ _
28S
576°
00 «. ->
2 fir/nrt
ISs. s.*
Thomas Cafon ,
IOOO
*74--
- -
*74® v ■
8c v 1
- - -
IOOO
2000
*74
- 1
34S0
Philip Liege
IOOO
—
Ditto. — • —
IOOO
trjl c*so!
A>2 •* ■ • •
• -
34?S'. . .
i.‘ncr ..m
; Pheazant Crifp
hi*?*
- -
* 74 ■
M •
. 5220 , ( O0
1.710 . 00
* /. ad/iE
1 -.-
Ditto — ' — ;
raoo
- - -
-nt.r-J.--i
i.—.i-i 1 -
. -• J. ij
i u. .• .
o'j
upi-. 1
JO ol.:.
: o' . .. .1 j do 1 . !
■&*££ .... wi
•;/ »,:*,:
lvd d:v
97.500
1 ‘
“ ** ‘
.*- .,./*. *j.:.
:i ijj.i .ijiuiii
uJ lIlMOllBlii
_ l 4 •
Printed linage digitised by the University of Southampton Library Digitisatipn Unit
( w )
March 23.
March a 1 . Ditto -
Febr. 9.
March -»•
Febr . &•
April 2.
Febr. 9.
*. v 9 >.
, a 6.
Marahj&t
co|*4
l 'vij-
Jw.c^S3>
ois8fc
March 2 2.
Febr. 0^,1
March^ji
Febr. C £&:
March 1 .
9 -
2 3 •
a 5.
'April 12. I
1 S 3134
March x.
William Compere
John Pugetc
Ifaac Lcjay
Thomas Gcrrard
Samuel la Cour -
Price and Allen -
Turner and-Marlc
D/«o- , - i , r
D/«o -
William Steel J -
Gabriel Lopez
Edward Spackman
RobcrtHarle
Ifaac Edliu
James Round , -
Ditto -
. *
Benjamin Cater -
Richard Halley
Ditto -
I ^ __ ; * i
Peter Mec -
Samuel Strode -
Ditto - .
Dim 4
I Ditto -J c.
Abraham Ediyn.
Joha.Levec-‘ v ;_,
Mr. Berang^r.
EdwardXruii- -■
h/«CL - -7!
I ; - -
WillianLlftell , -
Ditto, t, I
tefe; oo E .
Matthew Wymondfold
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Ditto
Albonel
Gampett.
Crifpigney
Abraham Edlyn
Jofeph Stanbro -
Mathado ■*
William Tayler
Abraham Catdofo
Abraham AtkinC
Stock.
perct
Money.
- -
2000
r 74
- ^ -
- -
1 4000
r 74
- - - -
-
“ -
5000
r 74
- - - -
2000
1 J 74
- - - -
-
- -
2000
■ I 74
- <- _
-
- -
3000
*74
- - - -
- -
1 rooo
x 74
19140
-
2000
—
l 7 S
345°
"
2000
15000
2 73
546°
-
1000
1 73
“ - - -
-
- -
5000
l 7 i
- - - -
-
5000
—
x 74
87OO
“
500
5500
273
1365
-
- -
1000
1 69
- t - -
-
- -
2000
1 66
- - - -
-
2000
—
»7«
34 2 °
-
3000
—
183*.
5JI2 10
5000
-
- -
1000
x -7-f .
- - - -
-
5000
—
X7ro
"
1 000
91
rP?°
-
- -
3000
*7?
- i - -
-
.1000
—
I 7°i
1707 10
-
13000
1804
- 3 43 a to
-
2000
—
310
5200
-
2000
—
3°5
• 5100 '
-
IOOQ
*7 °f
r -‘fr
-
r -
2000
X 7 2‘
- - - -
-
-
2000
l 79
- - -
-
_i 500
—
r86
2790
-
Jtooo
i8 54
>852 iq
-
--5Q00.
.? •“ "
275
13.-75° '
j'yoo
-
'2000
—
l82
3 <4° ‘
-
Joo0
1 8 1±
5445
—
5000
- -
— —
-
A. -
6000
178V
- - - -
-
4 ~
rooo
*77*
- - - -
-
rooo
—
, 7 S
. I780
-
3000
—
J 73
5X90
-
2000
—
172
544°
-
2000
—
1 84*
3<575
-
5000
—
18,
moo
-
2000
—
I84T
35po
-
1000
—
1844
184s
• -
5000
—
X844
9225
-
8000
—
14650
rooo
- —
285
2850
-
2000
—
300
5000
*■
55°°
- - -
3*)
t-]6oo
-
2000
—
285
57°°
-
3000
" - -
2 8 !r <
8505
-
- -
1000
1784
- - - -
-
- -
3000
I 77
- - - -
-
- -
3000
1844
- - - -
-
- -
2000
iStl
- - - -
-
- -
2000
181-J
- - - -
-
j. -
rooo
182
- - - -
-
- -
2000
i8 + (
- - - -
-
2000
i8 3 i
- - - -
l.
3480
243.50
8700
3480
34S0
5220
28o5o
1730
85jo
ioo5y
j5po
3330
8932 io
1710
4530-
5130
P -3744°
■- -1705
345°
3580
l Stfi ? Xu
po8y
10710
1775.
P5270
1785
354°
5535
3<577 IQ
3^35
1820
3690
3675
N, B. 'The S m belonging to Abo Atkine being torn in the Copy, we are obliged to leave it blank J
Printed image digitised hv the University of Southampton Library Digitisation Unit
March 15 .
31,
32 .
21.
April 1 1.
March 2t.
22.
• . ■ j ‘ \
'23.
20.
a 5«
'April 2.
11.
Pebr'. xj.
Mwc/j 2.
Robert WelHey -
Lazarus Symon -
Benjamin Ifaac -
Gilbert Burnet -
John Falconbridge -
Jacob Curtis -
Ditto
La Creufe
Stcphcnfon -
Ditto
Peter Serjeant
John Halls -
Henry Binfield -
Solomon Kune -
JolephMufaphia -
William Green -
John Harvey Efc/i -
William Cleveland Efq;
Benjamin Drye -
Charles Csefar Efj; -
Clurrington -
Dalmeida
Paz -
1 Kellett -
Edward Wcbfler -
John Htiti:
Michael Empy -
J. Blunt Efq; per Teftard
James Teftard -
John Nodes
Benjamin Collyer- -
Philip Dell
Sir Edmond Everard
Anthony Duncomb -
Ditto -
• Thomas Chaplin
Tdtal of Stock -
1000 183J
1000 183*
1000 183^.
5000 265
1000 273
273
275
2000
1000 273
274
3000
1000 274
iobo 275
2000 275
1000 275
1000 273
2000 276
3000 280
1000 280
1000 280
6000 27 6
10O0 273
1000 273
1000 Z73
3000 273
jao 280
2000 30 j
4000 320
1000 390
i 000 2.87
1000 287
1000 289
IOOO J 28 <S
2000 1731
174
- - - 1.8J
8000
6000 179
•' ^ . 11 . rt
Printed image digitised by the University of Southampton Library Digitisation Unit
1
f 67 7
Appendix (.8.)
Stock. 1
Price per I
Money.'
Felt. 5 - - William B unset
/.
ant.
/.
/. 4
- . 5000
-iyo
7500
Mar. a. T/jo. Car bonnet
- - yooo
1775
8875
11. Gen. Harmerfiein
- - 5000
182
9100
Rich. Baglis .
1000
183^.
1837 16
Stracban
- 1000
1 96
1960
Ditto - 1
- - , 4000
200
8000
Carbonnel
1000
272
2720
Samuel 7 'bompfon
-* - 4000
285
11400
William Burnet
- yooo
28y
r42-ya
29. Ifaac Loflan -
- - I OOO
308
3080
Stock 32000
<58722 lo
Appendix
*7-
March i.
*7-
Feb. y. Lieut. Gen. Pepper
Tbo.Wynn, Efq; -
Sit Robert Chaplin
Ld. Gower per Edw. Gibbon
Ld. C/retwynd
Ditto - - - iW .
John Roberts - . - ' '
-Ld. Lanfdowii per Gibbon *
Ditto
Edward Rolt Efq;
Samuil Tujfnel Elq; - -
John Buvridgc
CoL James Scot
William Chetwynd-E fq; -
Sir Ctpp« Bampfidd pa- Rob. Gbefitd
John Bampfiekl pot Ditto
Sir John Elandp p&Pim
Si r'l’RoTSe’dlrrigtt pet Ditto -r
Henry bracks per -Ditto
IViUiam ChmuyndE fqj .
ColL Graham • - -
Sir Wm. Gordon • -
T'homas-Wytih Efq$
William Fonefter
ColL Monroe
Pat. Haldane Efq;
Edward Rolt Efq; • - ■
Six. Wm. Gordon -- - “
Earl Rothes . •*» t
Eaxl oiEJfex
Ld. Haddingtoun _ -
Marq. Wmhb/lor
Jof. Banks - —
Fffm. Chemynd Efq;
Coll. Montgomery ■ ■■*
r Tho. Poultney Efq; *
Sir Mount. Blanket.-
Sir Wilfred Lawfon -
CL Longueville per Ghefter
•Wm. Tonge Efq;
Sit Wm. Gartw per Rob. Chcfler^
a 3*
jWflt. 23 .
28.
Mar, ay.
IW
Stock. ]
Price per
Cent.
Money?
l.
/.
/. rJ
4000
180
7200
2000
180
3600
5000
*74f
8725
2000
180
36odi-“
3000
179
537°
• 2000
182
3640
- 1000
. 7 s -
17S0
- -yooo
180
9000
- 5000
*7«4
8825
- 5000 .
*741
8712 rd.
- - u 5060. |
182
9100
- 1 2000
200
4000
**y«
■ -2-500
- 3000
*75
825®
• - - IOOO-
477
■ *75o
nooo
• *75
27JO
~ '1-6W
*75
2750
1000
*75
1 2750
-j. -Upo. • •
>■ *.*> - 'I
1L00
- vj&OO -
• 280-
* 120®
i . 20 do
2-80 • 1
(■'*• ydoo
- • 4000
zq6 1
1 1040
- . 2000
275
5500
- . tooo
272
2720s- -
- . . 6000
*75
16506
2600'
18>
5700
- 8000
.8 S
22800
- 3000
3OO
9000
2000
300
<5ooo
- 2000
3°5 -
Oiooi
2000
308
6160 '
- 2000
310
620a
- — roacy
316
3 t oo - '
- 3000
3-10
5?3o®
1 - 2060
3*5
6300-
- 2000
3*5
0300
- - 2000
3*8
<»3<5a
- 10O6
1 3 ^
320a
r looo
3*5
; 3250
.3000
:( j 3,3o
9900
- iodd
300
3000
R B r O R
Printed image digitised by the University of Southampton Library Digitisation Unit
/
('■ 68 ) j
REPORT
mmssmtom
, Numb. VII.
T H E Committee of Secrecy, 'appointed to enquire into all the Proceedings rela-
ting to the Execution of an Aft palled the lad Sdfion of Parliament, (Enti-
tuled. An A& for enabling the South-fca. Company to encreafe their prefent Capital
Stock and Fund, by redeeming fuch (niblick Debts and Incumbrances as are therein-mentioned , and
for rnijing Money for Payment of Jcveral of the publick Debts and Incumbrances , and for cal-
ling in t he prefent Exchequer Bills remaining uncancelled, and for making forth new Bills in
lien thereof, to be circulated and exchanged on Demand, at or near the Exchequer) purfuant
to the Inftruftion given them by the Houfe on the 25th of April laft, that they fliould ac-
quire what publick Money hath been. employ’d by any Treafurer, Cafoier, Colkftor,-
Receiver, or other Officer concerned in the Receipt or Payment of publick Money, or of
any other Part of his M ajefty’s Revenue, or by. any in Truft for them, or by their Order,
in buying Stock of Sybfcriptions in the South-fea , or any other Company, or Annuities,
or other Parliamentary Securities, or otherwife making Ufe of, or employing the fame to
their private Advantage, fince the firft Day of December' s'] 19, have accordingly pro-
ceeded to enquire into that Matter, and have examined in the mofl folcmn manner the
following Perfons; and do lay before the Houfe the Examinations by them taken relating
thereto, in the Words of the Examinations themfelves.
'■'Mr. Fi-nncit Hawes being examin’d, fays, That in the Months of February , March, or
! April 17 ip-20, about 25,000 1. part of the Money received for the Service of his Ma-
jelly’s Navy, was .laid our in ptirefaafing ii,oqo 1. South-fea Stock, by the Order and for
the Ufe of Richard Hampden Efq; then„Treafurer of his Majefty’s Navy. ' , ,
That 5000.I. part of the laid 1 1,000 1. Stock, was fold for the Benefit of the laid Ri-
chard' Hampden Efq; in a very fiiorc Time after it was bought. That it was bought at
about 164 1. and fold at about 199 1 per cent That the remaining 6000 1.* {lands in the
Name of Mr.thobt'as Hawes , in Truft for the faid 'iA.s^riiampden.
That there were farther Sums paid out of the Money receiv’d foe the Service of his
Majefty’s Navy, by the Order and for. the Ufe of Mr. Hampden, viz,.
For the three feveral Payments on 3000 1. firft Subfcription, about 3600 1:
Foj the firft Payment on 3000 1. 2d Subfcription 1200.J. which laft mentioned Subfcrip-
tion was fold, for the fame Money it .coil, for the Ufo of Mr.- Hampden.
For the firft Payment' on T 000 1. 3d Subfcription, iqooI. .
VBf. thorn as Hawes being examin’d, fays, That 5000 1. South-fea Stock,, was bought
about the middle, of February at about 164 \,per cent, by the. Order and for the Ufe of
Richard Hampden Efq; then Treafurer of his Majefty’s. Navy, and paid for by his Order
out of the Cafii tljen in the Hands of the Examinant, as Calhier to the faid Treafurer of'
the Navy. ; and the faid 5000 1. Stock was fold about the .Beginning of March following,
at about 199 I. per cent, for the Ufe of Mr. Hampden. ..
Tfrfft the farther Sum of about. 6000 1. Routh-fea .Stock was bought and paid for in
like manner, dt about 925 1. per cent, which is nowin the Examinant’s Hands, in Truft for
the faid Mr. tiampden.
That 3000 M. in the ill Money-fubfcription, 3000. 1. in the 2d Money-fubfcription,
1000 I. in the 3d Money-fubfcription, and 5000 1. in the 4th Money-fubfcription, were
bought and p4id for Gut of thepublick Cafa of the Navy, by Order and for the Ufe of
the (aid Mr. Hampden, as aforefaid.
Your Committee djrefted Sir Harcourt JMaJler, late Receiver-General of the Land-Tax
for London and Middlefex, to lay before rhcm.an Account of what Publick Money he
had laid out in Stock or Subfcription, or otherwife applied to his own private Ufe; and
thereupon hcl$id before your Committee a Paper to the Effeft following, ws.
Printed image digitised by tlie University of Southampton Library Digitisation Unit
( )
That he had, in Obedience to the Order of your Committee; ufed his belt Endeavours
to diftipguifli particularly what Sums of the Publick Moneys lie had laid out in Stock oc
Subfcriptions, or Bubbles, or applied to any other Purpofe, tor his own or any other
Perfon’s private Account ; but lie not having kept any Account of the Government' s Mo-*
ncy diftindt and feparate from other Moneys thac were his own, or others that palled thro*
his Hands, he found it impradticable for him to give an Account thereof to particularly
as was required. 3
Thar he truly believes he was fo unhappy as to lay out the whole' Debt due from him
to the Crown, being 37,280/. 7 r. 2d. $ (as it is fet forth in the Particular of hisEftare,
delivered to one of the Barons ot the Court of Exchequer) in South-Tea Stock, and in the
3d and 4th South-Tea SubTcriptions, on his own Account, by which he is a very <*reat
Lofer. &
Your Committee, fince their Report made to the HouTe the 22d Day of May lad; con-
cerning the Loans made by the South-Tea Company upon Stock and Subfcriptions, have
made a further Progrefs .in that part of their Enquiry, and do now lay before the Houfc
fuch Examinations as they have taken fince that Report, in relation to that matter, in the
Words of the Examinations themfeives.
Mr. Samuel Watts being examined, fays, That from the 2 id of June 1720, he has Ter-
med as Clerk in the Treafury- O/fice of the South-fea Company, under Mr. Cbrifiopher
Clayton , in making out the feveral Books relating to Loans upon Stock and Subfcriptions,'
the Accounts of which had been at firil entred in three original Journals, two of them
containing the Loans on Stock, and the lad (which was for the moll part of Mr. Claytons
Handwriting) containing the Loans on Subfcriptions; all which original Journals, and
all other Books relating to the Loans, were kept under Mr. Claytons Care; but Mr. Suy-
man had the Power of taking and infpediing them when he thought fit.
Thac from chofe three original Journals five Leidgers were made, chiefly by the Exami-
nant, and partly by Mr. Chi, ton, or fome other. Clerk; hut that the Examinant had In-
flrudtions for what he did from Mr. Clayton , and no other Pcrl'on ; thac chefe Leidgers were
marked, A, fi, Q D, and E.
That lie has fometimes had the Paid original Journals in his Cudody for a Day, or
thereabouts; and the Examinant obferved -there were many Rafures and Alterations
made in them. Thac the Examinant himfelf did, at feveral Times, make many Altera-
tions in the faid Leidgers, both in the Names and Sums, according to feveral Papers and
Inftruftiotls from Time to Time given him by Clayton, who afterwards took fuch Papers
from him; and the laft Time he made any fuch Alterations, was about the middle of
tivtUntber- laft; •• .
That lie made a Copy of the faid original Journals of 'Loans on- Subfcriptions, which)
Copy noW ' feriittiiiS r in a.'gfSit Cheft')ib^ei>NO;; ; i.‘'at 'theSpcrch^fiai-Houfcy where the
JExamin'ant .has ^ ft«h ; it'-fii>ce'-tSe New Direidor’s M^ere'chofenv^'; ■
That after that Copy wrfs made, two Leaved were- torn out of the faid original Journal,’*
blit by whom-riieJixarriTrtant-cannoc tell ; a'nd the Examinant faw Mr. Clayton writing;
Names out of thofe Leaves, and he called to the Examinant, and told him,, he believed!
he mu ft tear out a Leaf from 1 -the Copy, iii order-to ±>rin^ in' fiiftirious Names.. . .. f'
■ That in ofle of che faid Leaves torn OUt,' there was 1 an . Entry td' Sundries 2 £,oab ’Ll
which the Examinant, by -Mft Claytons Order, entred in the faid Copy in 2 6 fictitious
Names, at 1000 /. each ; and there being another Entry of 1000 /. without any Name to 1
it^ the Examinant likewife entred that Sum in a fictitious Name, by Claytons Direction.
That in the fame Leaf there was fe t down f 1,000 /. Stock to Lord Cafilemain, and 4000
/.Stock to Lord Londonderry, which Clayton directed the Examinant' ro alter,, and enter in'
fictitious Nantes ; but the Examinant could not do ic, the Paper being wet.
That about the Beginning of November laft, the faid five .Leidgfcrs, marked A, B, C, ;
D, and E, were copied alphabetically into- four new Leidgers, which are mow kept iii,
the Office for publick Ufe ; and if any Difputes a rife in fearching into them, the Clerk$.
have Recourfe to the faid fitft Leidgers.
That Mr. Clayton did, a little before the Meeting of the Parliament, bring into, the
Treafury- Office a Book, which the Examinant believes was Mr. Knights private Caflt-j
Book, the Examinant having often feen it, in which, at the 1 Head of an Accompt, he
faw the Name of Charles Stanhope ; and this Examinant fays. That .Clayton, with a white.
Handle Pen-knife, eras’d the Letters in the Name Stanhope , in Order to make it.
'Stangape ; but whether Mr. Clayton altered the Letters'. with his clwn. Hand, or the Exa-
minant by his Order, the Examinant does not now remember; but fays it was
_ Q_2 A'S'j,
Printed image digitised by the University of Southampton Library Digitisation Unit
( 7 ° )
dltigly alter’d to Stangaps. That this Book had a Green Cover, was about a Foot in
cngth, and about Two-rhirds as broad, and an Inch and an Halt thick.
The (aid Mr. Clayton being hereupon examined by your Committee, fays, He believes
there were Alterations made in the original Journals of the Loans ; that all the Alterations
which the Examinant, or any other Clerk by his Order made in tliefe Journals, were
made by the Direction of MriKnigbt ; That Mr . Surmcm once, by Mr. Knights Order,
directed the Examinant to alter Four Names.
That the Examinant directed the Altering fcvcral large Sums into letter Sums; and
that he was informed by Mr. Knight, that fuch Alterations were made at the Requcft of
the Peifons to whom fuch large Sums were charged.
That he docs not know that fuch Names v.-erc altered into fictitious Names, but that
there were id or 21 fictitious Names added to the Original Journals; That Mr. Knight
gave the Examinant a Lill of fuch Names, and cold him any Names would do.
That all the- Alterations made in the Letters of any Names, were made by Mr.
Knights Order,
That he does not remember that he ever gave Directions to any Clerk to infert ficti-
tious Names, five the faid 16 or 21 Names.
That he knows not that the Name of any Member of Parliament was altered to any
other Name ; but Mr. Knight told the Examinant, that a large Sum being fee down to
Lord Cajhletnain , his Lordfliip faid, That Part of fuch Sum was on the account of other
Pcrfons, (a Lift of whofc Names Jiis Lordfliip gave to Mr. Knight) and the Sum at firft
fet down co Lord Cafllemain was accordingly fplic into lelfcr Sums, and letdown tothofc
Pcrfons.
That he faw the Original Journals in Mr. Knights Cuftody about Three Days before
he went away, but has not feen them fincG.
That he has feen M r. Knight’' s Green-Book; but he never made any Rafure or Al-
teration in ir, cither in any Name, or any Letter, or Part of a Name in that Eook, nor
ever directed any to be made.
That he docs not remember he ever faw the Name ( Stanhope) in the faid Green Eook j
and denies that he ever rail'd any Letter, or Pave of a Letter, or made any Alteration in
the Name (Stanhope) in the faid Green Book. Thar he cannot be pofitivc, whether the
Name ( Stanhoj/e) was ever rafed or altered in any other Book whaefoever. But he does
not know or remember, that he did direCt any fuch Rafure or Alteration, or ever heard
that there was any fuch Ralurc or Alteration made in the faid Name (Stanhope.)
.That he remembers lie did once alter a Figure in an Accompt in the faid Green Book,’
when Mr. Knight and a Gentleman were fettling an Accompt in that Book; but who the
Centleman was, the Examinant can’t cell.
That he does not know but the Name of Sir William Thompfon might have been aN
ter’d to Mr. William Thompfon , and thinks it was alter’d. That he has heard Mr. Knight
fay, that Sir William Thompfon complained, that there was a Miftake in his Accompt of
the Loan, and the Examinant remembers he faw Sit William Thompfon with Mr. Knight-
in his Clofet. ,
That the firft Lcidgers of the Loans were begun to be made from the Journal in leve-
ril Books, and in OElober 1720, thofe Leidgers not being ruled in a proper manner, there
were new Leidgers provided, and the Examinant believes Sir William Thompfon' s Name
was altered in both the faid Original and new Leidgers.
That the Original Journals were made up partly by the Receipts taken at thcTranf-
fer Books, and partly by Direction of Mr. Knight, and Adjuftments made with him.
That the Numbers of the Subfcriprion Receipts on which Money was lent were entred
in the Journals ; but the Examinant believes, there were fome Errors therein.
Mr. Clayton being further examin’d as to the particular Alterations made in the Journal
of the Loans, fays, the Name (Brazier) was alter’d, and he believes that Perlon bor-
rowed the Money for Lord Rofs. And that there was a Letter fenc by his Lordfhip, to
defirc an Alteration might be made in that Name, and it was accordingly made by Mr.
Kmght\.Otdet.
That the Name (George Baker) was altered to (Baber) about the 30th of Augtift, or
Beginning of September 1720, by Mr. Knight's Order.
That he believes the Sum charged to Colonel Arnot was altered and made lefs, and Parc-
of the Sum at firft fet down to him, charged in other Names.
That the Sum charged to John Burriclge Efq; was likewife altered, and made Icfs, Mr.'
Burridge celling Mr. Knight, that the Money lent was Part of it, 011 the Account of Mr,
Buz udidge of Lime.
That the Sum charged to John Barber was leffened, and Part of it fet down to ether
P^lfOi’.v.
That
Printed image digitised by the University of Southampton Li brary Digitisation U nit
( 7 1 ' )
That Lord Carpenter, Colonel .Murray’s, and Pearfe and Company’s Sum? were altered ’
their being Errors in their Accompts.
That the Sum charged to Sir Ceefar Child , was Jeflen’d.
That he does not remember that there wefe any Leaves torn or taken out of the Ori-
ginal Journal of the Loans; and fays, He did not take or tear out any. Ent upon
farther Recollection, he fays. There were one or two Leaves taken out ; but fuch Leaves
did not (as the Examinant believes) contain Names of any Perfons, but only a Com-
putation of the Totals of the Loans.
Thai he does not remember, that he ever mentioned to Mr. Watts, That a Leaf or
Leaves mult be taken out of the Journal, or the Copy of the Journal, in Order to inferc
fidtiiious Names, or for any other Purpofe.
Thar after the Loan was clofed, Mr. Francis Eyles (one of the late Direftors) applied,
to the Committee of Trcafury, or Committee of Loans, and had a Direction for addin"
18,000/. as a Loan to him, that Sum having been before forgot, and that Sum was ac-
cordingly added to the Loan, viz. 14,000 /. in the Name of the faid Mr. Eyles, and
4000 /. in the Name of Lucy Bainmi.
That he verily believes the Snnr charged ro Lord Loiifdale , and Lord Litchfield , were
lent their Lordlhips, before die Loan was clofed, and that they transferred Stock for fe-
‘ curing the Money fo lent.
The faid Kir. Chrifiopher Clayto'n being further examin’d, fays, That- Mr. Samuel Watts
was employ’d as a Clerk in making out rhe Accomprs of the Loans, and was under the
Direction of this Examinanr, ’rill the Commicree of Loans was appointed.
That he has nothing to object a gain if Mr .Watts’s Credit.
And being confronted with Mr. Watts , who affirming what he has faid in his former
Examination, as to the Raftire and Alteration of the Name (Stanhope) into ( Stangape )
in Mr. Knight's, Green Bock, and Mr. Wans relating to Mr. Clayton fevural Circiimftanccs
at the Time ot Inch Alteration, and lvLr ._ Clayton having heard Mr. Watts's Examination
read, he denies that (to the bell of his Knowledge) he ever did erafe any Letter, or Part
of a Letcer, in the Name (Stanhope) in the faid Green Book, or. make,' or direct co be
made, any Alteration in the Name (Stanhope) in chat Bock. •' -
That (to the befl of his Remembrance) iie never did alter the Stahhofe) Into
(Stangape) in any other Bock, or direct any-fucli Altera tidin' to be made.
Your Committee having ‘fitewn theaforegoing Examination co the faid Samuel- Waits,
and examining him further in Relation co this Matter, in the P.elence of me L, v C-:i
fiopher Clayton, Mr. Warn p'erlifls in, and affirms, wfi'a. lie has faid in his former '■
•nation, as ro the Alteration of the Name (Stanhope) into (stangape.) ; and.furti.cr :ayt'-
Thac when he firft faw in the Minute? of the Houle of Commons, char the Nairn .Y , .7-
hope) had been alter’d into (Stangape) he. verily believ’d-it had been the AUeuu'm. mad.;
in Mr. Knights Green Book, as aforefaid, and not in the Books of Turner and Cempi
as he has fince heard.
Mr. John Hanfard being examin’d, fays. He became concerned in the South-fen Houfe
about the 21 It of July 1720, and was at firft only employ’d 10 number the 3d Subfcripti-
011 Receipts. , r . !l . ' ”
That about the Middle oF December laft f he was oiie -df eight Clerks, who were em-
ploy’d in copying four Leidgers of the Loans, into other new Leidgers ; and that lie
obl'erv’d many Rafures and Alterations in the Leidgers, from which they tranferib’d
them, but he cannot remember the particular Alterations-.
That there were feveral loofe Sheets, which he believes were Copies. of rhe Original
Journals of the Loans, co which he and the other Clerks employ’d to copy the faid
Leidgers, had Recourfe upon any MiftakeS; and in thofe loofe Sheers; the Examinanc
obferved many Rafures and Alterations.
• That after the prefent Seflion of Parliament began, Mr. Knight gave .the Examinant
Dircftions to draw out a Lift of the Excecdings upon the Loans, which he did from die.
Leidgers.
That Mr. Chrifiopher Clayton was in great Intimacy with Mr. Knight, and was ap-
pointed Clerk of the Loans, and had the principal Direction in making out the Books of
Loans.
That he knows Mr. Samuel Watts , (who was a Clerk concerned in the Loans under
Mr. Clayton ) and cakes him co be a Perfon of great Integrity.
Mr. Robert Surntan being examin’d, fays. That fince the Enquiry began, the Exami-
nant has feen the Original Journals of the Loans at the South- fea Houle; That Mr.
Clayton was the Clerk appointed to take, Care of the'LtjaASj and djefe Journals were
properly nndet his Care. * .d .
M ' . i'm Slue
-A Li ST J A
Printed image digitised by the University of Southampton I.ibrary Digitisation Unit
( T- )
That he believes' there were feveral Al terations made In thefe Original Journals, but
he believes all fuch Alterations were- made by Mr. Knights Directions given to A/,. Clay-
ton as the tirft . Clerk, whp dii'cifted the other Cierks to make the Alterations, or die
made them him felf.
That thefe Journals were wrote by feveral Clerks ; That all Loans, as well as Ad-
j. Aments were (as the Examinant believes) enter’d in thefe Journals.
That ' the Examinant has not feen thefe Journals lince Mr. Knight went away.
That the Original Journals were not made Alphabetically,, but from Day to Day,
as the, Money was lept out.
That the Examinant Remembers in two or three Cafes, he had Orders from Mr.
Knight to- direct Mr. Clayton to make Alterations in the Journals, which the Examinahc
take^. to be wireie there was a large Sum charged to particular Pcrfons, excceeding tha
■Regulations of the Loans.
That Mr. Knight had the Cuftody of the Subfcription Receipts, on which Money
was lent for the Months of June, July, and Augufl 1720, and until the Committee of
Loans was appointed j and the Examinant belie ves the Numbers of thofc Receipts were
enter’d in the journals of the Loans.
That fome of the fi rft and fccond Subfcribers not making their firft Payment, Mr.
Knight laid down the Money for them, and took their Receipts for his Security, which
(as the Examinant has heard Mr. Knight fay) brought his Cafh under Difficulties j but
neveVchelefs fuch Subfcribers had a Right to borrow, and often did borrow of the Com-
pany the 300 /. per Cent, on fuch Sublcriptions.
That the Examinant has had Mr. Knights ' s Orders to diredt Mr. Clayton to enter ficti-
tious Names in the Journals of the; Loans on Stock, the firft commencing at the Begin-
ning of the Loan, and continued to May 1720, the fecond carried on co Mitlfumner, and
the third to the. End of the Loan, there being but one Original Journal for the whole
Lo^n,,ppon Subfcriptions. 1
That ' the IjicL -Original Journals were copyed alphabetically, fometime after the C011-
cluuoti "of each Journal.
That he remembers he has feen Mr. Knight ,and Mr. Clayton together, making Altera-
tions in the faid Original Journals of the Loans,, and has heard Mr. Knight direft Clay-
ton to make Alterations therein, and enter fidi’tious Names.
Mr. George Woolly, Mr. Janie's Otfey, and;M\ Stephen Crifp being examined, fay, they
were employ’d under Mr. Cbriftopher Calyton, in making out the Leidgcrs of the Loans,
which they accordingly did from loul Journals, .which they do not believe were the O-
riginal Join »uis, nor did they ever fee the Originals, to their Knowledge: That Mr.
Clayton was the.Perfon who had the principal Directions in making out the Account of
the Loans. %
Tnac.thO Examinants did, by .Mr-Clayton s Diceftion, make feveral Alterations in
— —? , . „ . . •„ ..,ij *
That the Paper annexed to their Examination, (the tlu'&t eoUunQs of which are
entitled. Alterations made in Names on che Loan, Alterations made hi Sum’s oh' the
Names and Sums added to the Loan which were not in the Copy of the Ori-
gioaL journal). contains a full and true Accompt of all fuch Alterations made in thfc
laid tour Journals, as they can now remember a Copy of which Paper ‘your Com-
mittee have annexed in an Appendix to this their Report.
. ■ Mn Charles Clark being examined by your Committee, (at the Requeft of George Ba-
ker, Efq;) fays, chat George Baker Efq; Member of Parliament, fet out from London to
the* County oi Durham on the 23 d o( February 17x9, where (the Examinanc verily, believes)
he eoutmutd till. November 1720. which the Examinant can thebecter depofe, becaufe on
the faid 23d of February 17x9- T’homas Conyers Efq; and the Examinant were Wicneffes
to tl*- Execution of an Agreement by the. faid Mr. Baker ; and this Examinant very
we 11 ■ tethc tubers xljat he dined that Day with Mr. Baker , and afterwards faw him take
Poll ; and die Examinant correfponded weekly with che faid Mr. Baker from that Time
txii ’Aiigujt 1720,* when this Examinant likewife went Into' the County of Durham, and
there was frequently in Company with the faid Mr.. Baker, till the latter End of
Qtlliber 1720. } .
6 ; • - ’ : • ' '' ., ' - - ■ . i
- And tow your 'Committee? fiiid' -ihemfclvQS-'nn'der a Ncceffltyiof clofihg their Enquiry
into the Matters referred to them, by Reafon of the ABfence of Mr. Knight , . who ap*r
gea»^. to nave been principally, and in many Inftancgs foiely, entrufted in the Execu-
nbirof this black, and deftruftivc South-fea-% cheme.
> ALTERA;
rage digitised by the University of Southampton Li brary Digitisation Unit
Printed ii
( 7i )
ALTERATIONS made in the Names bn the Loan.
/2 Eorge_ Brace.
Thomas Butler Efq; from Thomas Balder Efa-’
George Biikt' to George Baber. n
William Phillips to William Phipps.
Sir William Thmpfon to Mr. William Thompfom
-In the Subfeription Journal.
J
Ohn Adderley to Jolm Ackerley.
WilltiJn Henry to William Henry fon.
ALTERATIONS made in Sums on tlic
Richtir'd Arlington Tun;
Robert BrBSkk
John Br/rrgfge M. P.
Henry Bnyfur'd.
J ohn Bar bgr
Lord Carpattpr.
Alexander (Ahochei
Sir C afar %' lHU. '
Benjamin Collier.
Lord Cafilemoi^ ,
Richard Flemming }
James Gibbs'. " {
Col. Murray.
Tbpmas March. v
John Seaward.
Pearce and Company,,
c:c.v.
. ~
- _ _ , ...Q ..
ooc;.
-
CCCh.
oco.;.
-Li. -
CCO? -
- :7T
COC'-j.
cc« -
- -'-»V aalf
ooc f
CC.3- -
ooc.y. |
1 CCO 1 -
” -V. C V.111..SV
coo*. 1
: l_.-
o.u'Vii.'i fsivwiT
OQOb -
CiL'OtJ -
aoLionalc.
- coos
- - ooos -
^uVi.nO mws$S
lu-auVO w'ViV 1 .
Z l Vl I \
/
Names
Printed image digitised by the University of Southampton Library Digitisation Unit
( 74 )
Names and Sums added to the Loan that were
‘not in the Copy of the Original Journal.
T '■Hamas Jfrrnot Elq; ~
John Bowdidge — . — —
Lucy Bainton - - - ,7
Gilbert Burnet «*•* - -
George Churchey - - - n
Mary Cookjon -
‘ Thomas Carrington - - - -
John C Atman, [. - - ; -
Capt. Davidfon - - -i
Francis Eyles Efq; - - - “
Charles Edgerton - - ■ -
' Thomas Foytovme -
“Thomas Gamm - -
William Gore Efq; - -
Countefs Dowager of Gainsborough - -
Djr. John Herbert
Jd!\Mobi Het-bert -
Elizabeth Hawey - - -
Edward Hardy — -
Lawrence Holdfori - ■
Thamccs-Je 0 rton
James King Efq;
i&«ry Knowles Efq; - >;•- - -
James Lany ‘ . “ " “ “
Lord Litchfield^
Jfaac Loefis '<•••••• .? ^
Lord Lonfdale'- —.0 ... V.
Lord'^c»»/>/?e» - . .j L ift
Edmond Norton -
James Port - - - -
James Quin - ■ - -
\ Thomas Quajh - - r,
Daniel Randall -
Francis Srrrmtds - ~
Thomas Tower - -
James Tenant -
John Valiant - -
Edward Wainwright
Thomas Tale - -
Thomas Yarborough - 2
Srock.
/.
■ 2000
1000
rood
3000
1000
1100
XOOO
IOOO
I IOO
3500
IOOO
IOOO
IOOO
IOOO
3000
2000
560
IOOO
. IOOO
2200
IOOO
looo
1090
i dob
2000
IOOO
IOOO
IOOO
IOOO
IOOO
IOOO
IOOO
IOOO
IOOO
IOOO
IOOO
1000
IOOO
IOOO
IOOO
„ , „ . , 5 °> 4 0 °
Subfcription
Thomas Carrington . - - 2000 -
John Coltman - ----- 2000 - - -
Money.
/.
8000
4000
4000
13000
4000
54 °°
4000
4000
9900
14000
■3000
4000
4000
4000
12000
8000
1250
4OOO
40 o
8400
4000
4000
4000
- 4000’ •
•5000 1 ' \
4000
4000
4000
4000 , . .
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
203950
- 6000
- 600a
315950
H FINIS ;
Printed image digitised by the University of Southampton Library Digitisation Unit.
Live Music
Archive
Librivox
Free Audio
Metropolitan Museum
Cleveland
Museum of Art
Internet
Arcade
Console Living Room
Open Library
American
Libraries
TV News
Understanding
9/11